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I 



LIBRARY 

0CrO6l977 

ROOM 5004 
TREASURY DEPARTMENT 



DEPARTMENT OF THE TREASURY 

FISCAL SERVICE. BUREAU OF 

GOVERNMENT FINANCIAL OPERATIONS 

OFFICE OF THE COMMISSIONER 
WASHINGTON, D.C. 20226 



POSTAGE AND FEES PAID 

DEPARTMENT OF THE TREASURY 

TREAS - 553 



OFFICIAL BUSINESS 

PENALTY FOR PRIVATE USE, S300 




FIRST CLASS 



^\ 




. stock 
in^merica. 

Buy U. S. Savings Bonds 




l'9W'it 5 



UNITED STATES TREASURY DEPARTMENT 

OFFICE OF THE SECRETARY 



The Treasury Bulletin is for sale by the 

Superintendent of Documents, 

U.S. Government Printing Office, Washington, D.C. 20402 

Subscription per year $55.15 domestic, $68.95 foreign. 

Single copy price varies. 



Treasury Bulletin 



June 1977 




DEPARTMENT OF THE TREASURY OFFICE OF THE SECRETARY 

WASHINGTON, D.C. 



juml917 



CONTENTS 



Article 



FFO-1. 

FFO-2. 

Chart 

FFO-3. 

FFO-4. 

FFC^5. 

FFO-6. 

FFO-7. 



FO-1. 
FO-2. 

FO-3. 
FO-4. 



UST-1. 
UST-2. 
UST-3. 



MS-1. 



FD-1. 
FD-2. 
FD-3. 
FD-4. 
FD-5. 
FD-6, 
FD-7. 
FD-8. 
FD-9. 
FD-10. 



PDO-1. 
PDC^2. 
PDO-3. 



Treasury Financing Operations 

FEDERAL FISCAL OPERATIONS 



Page 

VI 



Summary of Fiscal Operations \ 1 

Budget Receipts by Source i 

Budget Receipts by Source 5 

Budget Outlays by Agency 6 

Undistributed Offsetting Receipts I 7 

Budget Outlays by Function ' 8 

Investment Transactions of Government Accounts in Federal Securities (Net) 10 

Trust Funds Transactions ' 11 

FEDERAL OBLIGATIONS | 

Gross Obligations Incurred Within and Outside the Federal Government by Object Class.; 23 
Gross Obligations Incurred Outside the Federal Government by Major Function and Majorj 

Object Class j 13 

Gross Obligations Incurred Outside the Federal Government by Department or Agency 1^ 

■ Gross Obligations Incurred Outside the Federal Government, Comparative Statement 

by Months 15 



ACCOUNT OF THE U.S. TREASURY 

status of the Account of the U.S. Treasury 16 

Analysis of Changes in Tax and Loan Account Balances 17 

Gold Assets and Liabilities of the Treasury 18 



MONETARY STATISTICS^ 



Currency and Coin in Circulation 

FEDERAL DEBT 

Summary of Federal Debt 

Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt. 

Interest-Bearing Public Debt 

Maturity Distribution and Average Length of Marketable Interest- Bearing Public Debt. 

Government Account Series 

Interest-Bearing Securities Issued by Government Agencies 

Participation Certificates 

Debt Subject to Statutory Limitation 

Status and Application of Statutory Limitation 

Treasury Holdin gs of Securities — • • 

PUBLIC DEBT OPERATIONS 



Maturity Schedule of Interest- Bearing Marketable Public Debt Securities. 
Offerings of Bills 

New Money Financing through Regular Weekly Treasury Bills_^^ 



19 



20 
20 
21 
21 
22 
23 
2i. 
25 
26 
27 

29 

30 
33 



// 



Treasury Bulletin 



CONTENTS 



PDO-/i. 
PDO-5. 
PDO-6. 
PDO-7. 
PDO-8, 
PDO-9. 



SB-1. 
SB-2, 

SB-3. 

SN-1, 



OFS-1. 
OFS-2. 



TSO-1. 
TSO-2. 
TSO-3. 
TSO-4. 
TSO-5. 



MQ-1. 
MQ-2. 
MQ-3. 
Chart 



AY-1, 
Chart 



IFS-1, 
IPS- 2. 

IFS-3. 

IFS-^. 
IFS-5. 
IFS-6. 



Page 

Offerings of Public Marketable Securities 37 

Unmatured Marketable Securities Issued at a Premium or Discount 40 

Allotments by Investor Classes on Subscriptions for Public Marketable Secxirities 44 

Disposition of Public Marketable Securities 49 

Foreign Series Securities 53 

Foreign Currency Series Securities 59 



UNITED STATES SAVINGS BONDS 

Sales and Redemptions by Series, Cumulative 62 

Sales and Redemptions by Periods, All Series Combined 62 

Sales and Redemptions by Periods, Series E through K 63 

Redemp tions of Matured and Unmatured Savings Bonds ■ 65 

UNITED STATES SAVINGS NOTES 



Sales and Redemptions by Periods 

OWNERSHIP OF FEDERAL SECURITIES 



66 



Distribution of Federal Securities 67 

Estimated Ownersb-ip of Public Debt Securities 68 

TREASURY SURVEY OF OWNERSHIP 

SiJmmary of Federal Securities 69 

Interests Bearing Marketable Public Debt Securities by Type and Matxirity Distribution. 70 

Interest- Bearing Marketable Public Debt Securities by Issue 70 

Securities Issued by Government Agencies 72 

Securities Issued by Governmen1>Sponsored Agencies and D.C 72 



MARKET QUOTATIONS ON TREASURY SECURITIES 

Treasury Bills 73 

Treasury Notes 73 

Treasury Bonds 7A 

Yields of Treasury Securities 75 

AVERAGE YIELDS OF LONG-TERM BONDS 

Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds 76 

Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds 77 



INTERNATIONAL FINANCIAL STATISTICS 

U.S. Reserve Assets 78 

U.S. Liquid and Nonlirquid Liabilities to Foreign Off icdal .Institutioae, .and Liquid 

Liabilities to All Other Foreigners 79 

U.S. Liquid and Nonliquid Liabilities to Official Institutions of Foreign Countries, 

by Area 80 

81 

82 

83 



Nonmarketable U.S . Treasury Bonds and Notes 

U .S . Position ' in the International Monetary Fund 

Weighted- Average of Exchange Rate Changes for the Dollar. 



June 1977 



III 



CONTENTS 



Cl^I-l. 
CI^I-2. 
CM-I-3. 
CM- 1- 4. 
CM- 1- 5 . 
CI^I-6. 
CM- 1- 7. 



C*'-II-1. 
CM- II- 2. 
CM- II- 3. 
CM-II-^. 
CM-II-5. 
CM-II-6. 

CM-III-1. 
CM-III-2. 
CI^III-3. 
Cl^III-4. 

CI^IV-1. 
CM- IV- 2. 
Cl^IV-3. 
C^^IV-4. 
CI\^IV-5. 
CM- IV- 6. 
CM- IV- 7. 

CI^V-1. 

c^tv-2. 
c^^v-3. 

CM-V-4. 
CM-V-5. 
Cl^V-6. 
CM-V-7. 
CU-V-S. 
CM-V-9 . 
Cl^V-10. 



CAPITAL MOVEMENTS 

Page 
"liabilities to foreigners reported by banks - U.S. 

Short-Term Liabilities by Type of Foreign Holder ?6 

Short-Term Liabilities by Type of Liability 87 

Short-Term Liabilities by Country 89 

Short-Term Liabilities, by Type and Country 90 

Short-Term Liabilities, Not Regularly Reported Separately 91 

Long-Term Liabilities by Type 92 

Long-Term Liabilities by Country 93 

CLAIMS ON foreigners REPORTED BY BANKS 

Short-Term Claims by Type 94 

Short-Term Claims by Country 95 

Short-Term Claims, by Type and Country 96 

Long-Term Claims by Type 97 

Long-Term Claims by Country • 98 

Long-Term Claims, by Type and Country 99 

LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S. 

Liabilities by Type ■'-'-"^ 

Short-Term Liabilities by Country -'-'-'■'- 

Short-Terra Liabilities, by Type and Country 102 

Long-Term Liabilities, by Country ^^^ 

CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S. 

Claims by Type 

105 
. Short-Term Claims by Country -^^^ 

■ Short-Term Claims, by Type and Country •'-0° 

. ShorVTerm Liquid Claims Reported by Large Nonbanking Concerns, by Type 107 

• ShorVTerm Liquid Claims Reported by Large Nonbanking Concerns, by Country 10'^ 

• Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type and Country 108 

■ Long-Term Claims by Country 

TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS , 

• Foreign Purchases and Sales of Long-Term Domestic Secvu-ities l-'-O 

■ Foreign Purchases and Sales of Long-Term Foreign Securities 110 

■ Net Foreign Transactions in Marketable U.S. Treasury Bonds and Notes by Country HI 

- Estimated Foreign Holdings of Marketable U.S. Treasury Bonds and Notes by Country 112 

■ Net Foreign Transactions in Long-Term Domestic Bonds -^-^-' 

- Net Foreign Transactions in Domestic Stocks by Country H-^ 

- Net Foreign Transactions in Long-Term Foreign Bonds by Country , H^ 

- Net Foreign Transactions in Foreign Stocks by Country H^' 

- Foreign Purchases and Sales of Long-Term Securities, Latest Date H'' 

- Foreign Purchases and Sales of Long-Term Securities, Latest Year , HE 



IV Treasury Bulletin 



CONTENTS 



FOREIGN CURRENCY POSITIONS 

SUMMARY POSITIONS Page 

PCP-I-1. Nonbanking Firms' Positions llq 

FCP-I-2. Weekly Bank Positions 120 

FCP-I-3. Monthly Bank Positions 120 

BELGIAN FRANC POSITIONS 

PCP-II-1. Nonbanking Firms ' Positions 121 

FCP-II-2. Weekly Bank Positions 121 

FCP-II-3. Consolidated Monthly Bank Positions 122 

CANADIAN DOLLAR POSITIONS 

FCP-III-1, Nonbanking Firms ' Positions 123 

PCP-III-2. Weekly Bank Positions 123 

FCP-III-3. Consolidated Monthly Bank Positions 12^; 

FRENCH FRANC POSITIONS 

FCP-IV-1. Nonbanking Firms ' Positions 125 

FCP-IV-2. Weekly Bank Positions 125 

FCP-IV-3. Consolidated Monthly Bank Positions 126 

GERMAN MARK POSITIONS 

PCP-V-1, Nonbanking Firms ' Positions 127 

PCP-V-2 . Weekly Bank Positions 127 

FCP-V-3. Consolidated Monthly Bank Positions 12g 

ITALIAN LIRA POSITIONS 

FCP-VI-1. Nonbanking Firms ' Positions 129 

FCP-VI-2. Weekly Bank Positions 129 

JAPANESE YEN POSITIONS 

FCP-VII-1. Nonbanking Firms ' Positions 130 

FCP-VII-2. Weekly Bank Positions I30 

FCP-VII-3. Consolidated Monthly Bank Positions I3I 

SWISS FRANC POSITIONS 

PCP-VIII-1. Nonbanking Firms ' Positions I32 

FCP-VIII-2. Weekly Bank Positions 132 

FCP-VIII-3. Consolidated Monthly Bank Positions I33 

STERLING POSITIONS 

PCP-IX-1 Nonbanking Firms ' Positions 13^ 

FCP-IX-2. Weekly Bank Positions 13^ 

FCP-IX-3. Consolidated Monthly Bank Positions I35 

UNITED STATES DOLLAR POSITIONS ABROAD 

FCP-X-1. Nonbanking Firms' Foreign Subsidiaries ' Positions 

FCP-X-2. Weekly Bank Foreign Office Positions 



136 
136 
FCP-X-3. Monthly Bank Foreign Office Positions ! 137 



June 1977 



CONTENTS 



FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS 

Page 
FEDERAL CREDIT PROGRAMS 

G A-II-1. - Di rect Sales and Repurchases of Loans . . . . ._^.. . . . . . .... ._._jjj_._._..^._. ... 139 

GA-II-2 . - Direct and Guaranteed Loans Outstanding 1-40 

Cumulative Table of Contents 1^7 



Note: Details of figures may not add to totals because of rounding. 



VI 



Treasury Bulletin 



Treasury Financing Operations 



Auction of 2-Year Notes 

>n \!ay 11 the Treasury announced that it would auction 
$1,500 million of 2-year notes to refund notes maturing May 
31, 1977. The offering provided for a net pay-down by the 
Treasury of about $447 million, as the public held $1,947 
million of the maturing notes. The notes offered were Treas- 
ury Notes of Series Q-1979, tobe dated May 31, 1977, due May 
31, 1979, with interest payable semiannually on November 30 
and May 31 in each year until maturity. A coupon rate of 
6-l/8!6 was set after the determination as to which tenders 
were accepted on a yield basis, the average of which trans- 
lated into an average accepted price close to 100.000, 

Tenders for the notes were received until 1:30 p.m., 
EDST, May 18, and totaled $4,223 million, of which $1,518 
million was accepted at yields ranging from 6.20^, price 
99.861 up to 6.25^, price 99.768. Noncompetitive tenders 
for $1 million or less from any one bidder were accepted in 
full at the average yield of accepted tenders, 6.23!^, price 
99.805. These totaled $260 million. 

In addition, $570 million of tenders were accepted at 
the average price from Government accounts and Federal Re- 
serve banks for their own account in exchange for securities 
maturing May 31, 1977, ($190 million) and from Federal Re- 
serve Banks as agents for foreign and international monetary 
authorities for new cash ($380 million) . 

Tenders were received at Federal Reserve banks and 
branches and at the Bureau of the Public Debt, Washington, 
D. C. Bearer notes, with interest coupons attached, and 
notes registered as to principal and interest were authorized 
to be issued in denominations of $5,000, $10,000, $100,000, 
and $1,000,000. 

Auction of 4-Year l-Month Notes 

"ly 17 the Treasury announced that it would auction 
$2,'jju million of 4-year 1-month notes to raise new cash. 
The notes offered were Treasury Notes of Series J-1981, to 
be dated June 3, 1977, due June 30, 1981, with interest pay- 
able semiannually on December 31 and June 30 in each year until 
maturity. A coupon rate of 6-3/4% was set after the determi- 
nation as to which tenders were accepted on a yield basis, 
the average of which translated into an average accepted price 
close to 100.000. 

Tenders for the notes were received until 1:30 p.m., 
EDST, May 24, and totaled $4,777 million, of which $2,014 
million was accepted at yields ranging from 6.75%, price 
99.984 up to 6.82*, price 99.738. Noncompetitive tenders for 
$1 million or less from the public were accepted In full at 
the average yield of accepted tenders, 6.80if, price 99.808. 
These totaled $257 million. 



In addition, $500 million of tenders were accepted at 
the average-yield price from Federal Reserve Banks as agents 
for foreign and international monetary authorities for new 
cash. 

Tenders were received at Federal Reserve banks and 
branches and at the Bureau of the Public Debt, Washington, 
D. C. Bearer notes with interest coupons attached, and notes 
registered as to principal and interest were authorized to be 
issued in denominations of $1,000, $5,000, $10,000, $100,000, 
and $1,000,000. 

52-Week Bills 

On May 19 tenders were invited for $2,400 million, or 
thereabouts, of 364-day Treasury bills to be dated May 31, 
1977, and to mature May 30, 1978. The issue was to refund 
bills maturing May 31, 1977. The offering provided for a net 
pay-down by the Treasury of about $521 million, as the matur- 
ing issue was outstanding in the amount of $2,921 million. 
Tenders were opened on May 25. They totaled $4,971 million, 
of which $2,404 million was accepted, including $52 million 
of noncompetitive tenders from the public and $788 million 
of the bills issued at the average price to Federal Reserve 
banks for themselves and as agents of foreign and interna- 
tional monetary authorities. An additional $50 
million of the bills were issued to Federal Reserve banks as 
agents of foreign and international monetary authorities for 
new cash. The average bank discount rate was 5.403%. 

13-Week and 26-Week Bills 

Issues of regular weekly Treasury bills in May totaled 
$21,700 million. These issues were offered for cash and in 
exchange for bills maturing in the amount of $24,900 million. 
There were two 13-week issues of $2,100 million, one 13-week 
issue of $2,200 million, and one 13-week issue of $2,300 mil- 
lion. There were two 26-week issues of $3,200 million, and 
two 26-week issues of $3,300 million. Average rates for the 
new issues are shown in the following table. 



Date of issue 


Annual average rate 

(bank discount basis) 




13-week 


26-week 


1977 

May 5 
12 
19 
26 


4.807 
4.823 
4.996 
5.142 


5.052 
5.131 
5.234 
5.353 



Jia?e 1977 



VII 



Treasury Financing Operations— Continued 



Treasury Bills (Other than Short-dated bills! - 'jeneral 

Treasury bills are sold onabid basis. The par amount 
is payable without interest at maturity. 13-week bills are 
issued only in bearer form in denominations of $10,000, 
$15,000, $50,000, $100,000, $500,000, and $1,000,000 (matu- 
rity value) . 26-week and 52-week issues of bills are issued 
in book-entry form on the records of either the Federal Re- 
serve Banks and Branches or of the Treasury in a minimum 
amount of $10,000 and in any higher $5,000 multiple. For a 
limited period of time, definitive bills of the 26-week and 
52-week issues will be available only in the $100,000 denom- 
ination to investors who are able to show that they are re- 
quired by law to hold securities in physical form. 

Tenders are received at Federal Reserve banks and branches 
and from individuals at the Bureau of the Public Debt, Wash- 
ington. Each tender must be for a minimum of $10,000. Ten- 
ders over $10,000 must be in imiltiples of $5,000. Payment 
for the full par amount of 26-week and 52-week bills applied 
for must accompany all tenders submitted for bills to be 
maintained on the book -entry records of the Department of the 
Treasury. A cash adjustment will be made for the difference 
between the par payment submitted and the actual issue price 
as determined in the auction. No deposit need accompany ten- 
ders from incorporated banks and trust companies and from 
responsible and recognized dealers in investment securities, 
for bills to be maintained on the book -entry records of Fed- 
eral Reserve Banks and Branches, or for definitive bills, 
where authorized. A deposit of 2 percent of the par amount 
of the bills applied for must accompany tenders for such bills 
from others, unless an express guaranty of payment by an in- 
corporated bank or trust company accompanies the tenders. 



Noncompetitive tenders (without stated price) , usually 
for $500,000 or less from any one bidder, for each issue of 
13-week, 26-week, and 52-week bills, are accepted in full at 
the average price of accepted competitive bids for an issue. 



Payment for accepted tenders must be made or completed 
on the date of issue, in cash or other immediately available 
funds or in a like par amount of Treasury securities matu- 
ring on or before that date. Payment for 13-week, 26-week, 
and 52-week bills may not be made by credit in Treasury tax 
and loan accounts. 



Foreign Series and Foreign Currency Series 

Foreign series securities issued in May totaled $1,006 
million, consisting of three bills and three notes. Redemp- 
tions for the month totaled $1,053 million. At the end of 
May, foreign series securities outstanding totaled $20,423 
million. (Details are shown on page 58 .) 



Foreign currency series securities issued in May con- 
sisted of a note denominated in Swiss francs equivalent to 
$360 million. Redemptions for the month totaled an equiv- 
alent of $386 million. At the end of May foreign currency 
series securities outstanding totaled an equivalent of $1,408 
million and were all denominated in Swiss francs. (Details 
are shown on page 61 .) 



Note: 



Details of Treasury market financing operations are shown elsewhere in tables on public debt operations. 



Jinic 1977 



.FEDERAL FISCAL OPERATIONS. 



Table FFO-1. - Summary of Fiscal Operations 













( In nil 


11 ions jf dc 


liars) 














Budget 


receipts a 


nd outlays 


Means of financing — net transactions 








Surplus 


Borrowing 


from the public — Federal securities 


Cash and monetary 


assets (Deduct) 


























Net 


Net 






















or month 


receipts 
1/ 


outlays 
2/ 


deficit (-; 


Public 




Invest- 




Within general 
account of the 


Treasury 


Special 
drawiiig 




Gold 
tranche 






debt 


Agency 




lotal 


U.S. Treasury 


operating 


rights 




drawing 










securi- 
ties i/ 


securi- 




4+5-6 


V6/ 


cash 


7/ 


Other 


rights 










ties 


counts J^ 












8/ 




(1) 


(2) 


(3) 


14) 


15) 


!,'■') 


i'.') 


it') 


(■ ) 


(10) 


i 11 i 


(12) 


1968 


153,571 


178,833 


-25,161 


22,476 


5,944 


S320 


23,100 


-1,094 






1,859 


538 


1969 


187,784 


184,548 


3,236 


7,526 . 


-10,150 


8,522 


-11,145 


760 


- 


- 


808 


644 


1970 


193,743 
188,392 


196,588 
211,425 


-2,845 

-2 3,03 3 


17,198 
27,211 


-1,739 
-347 


10,062 
7,417 


'■,397 
19,448 


1,746 
826 


- 


557 
290 


-1,536 
-208 


802 


1971 


-908 


1972 


208,649 
232,225 


232,021r 
247,074r 


-2 3,372r 
-14,849r 


29,131 
30,881 


-1,269 
216 


8,420 
11,822 


19,442 
19,275 


1,668 
2,058 


_ 


711 ' 
-8 


1,079 
-1,254 


-988 


1973 


50 


1974 


264,932 


259,521r 


-4,689r 


16,918 


903 


14,813 


3,009 


-3,380 


- 


245 


91 


525 


1975 


280,997 

300,005 

81.77 . 


326,105r 
<66,456r 
94,746r 


-45,108r 
-«>,451r 
-12 , 973r 


58,953 
87,244 
14,269 


-1,069 

lOr 

724r 


7,031 

4,341 

- 3, 514 


50,853 

82,913r 

18,507r 


- 


-1,570 
7.245 
2,579 


123 
-302 


647 
-172 
-385 


1,121 


1976 


-,024 


T.Q 


764 


1977 (Est.)... 


15°, 461 


408,191 


-48,730 


82,049 


-1,388 


7, 561 


73,000 


- 


n.a. 


n.a. 


n.a. 


n.a. 


1978 (Eat. J... 


404,728 


462,581 


-57,853 


76,705 


-1,394 


9,510 




- 


n.a. 


n.a. 






1976- Apr 


'3,348 


72,557r 


7°lr 


1,483 


-37r 


54 


1 , 3Q3r 


_ 


2 , 207r 


-26 


■'Zf 251 


May 


22,679 


28,393r 


-5,714r 


8,699 


-9 


4,581 


4,109 


- 


-3,383 


-17 


-19 


538 


June 


37,615 


30,601r 


7,014r 


9,760 


-8 


5,905 


3,847 


- 


5,582 


-192 


889 


85 


July 

Aug 

Sept 

Oct 


22,660 


3 3,952r 


-ll,292r 


4,114 


i34r 


-1,090 


6,438r 


„ 


-4.784r 


2 


-489 


258 


27,360 


29,505r 


-2,245r 


8,782 


:<57r 


401 




- 


1,658 


8 


-60 


351 


31,753 


31,189r 


564r 


1,373 


341- 


-l,a25 




- 


5,705 


-6Q 


153 


154 


21,018 


34,000 


-12,°81 


2,002 


-s 


-1,48° 


4,386 


- 


-5, 371 


-405 


1,455 


49 


Nov 


25,698 


3 3,083 


-7,385 


7,lJ3b 


-30 


268 


6,738 


- 


-3, IQl 


1-' 


-1,215 


285 


Dec 


2°, 472 


a, 891 


-2,41° 


g.QCi'5 


-lOT 


? ,205 


D,305 


- 


3,018 


30 


322 


157 


1977-Jan 


29,°77 


32,640 


-2,664 


■^t^.3 


-305 


-3,U°° 


3,157 


- 


1,018 


-20 


770 


-185 


Feb 


24,327 


30,880 


-6,554 


°,442 


-13 


310 


o,118 


- 


1,°15 


8 


-856 


137 


Mar 


25,171 


74,646 


-°,475 


5,85° 


2 


510 


5,351 


- 


-5,575 


6 


-53 


12 


Apr 


40,016 


3^.547 


4.46° 


1,81'' 


-51 


556 


1,206 


- 


8,73° 


-''/ 


555 


24 


Fiscal 1977 
to date 


1°5,678 


232,687 


-37.008 


30,321 


-7°5 


-73" 


3o,2h" 






-r^ 


1.07° 


478 





Means of financing — net transactions — Con. 


Selected balances, end of period 


Fiscal year 


Other 
2/ 

(13) 


Transactions 
not applied to 
year's surplus 
or deficit 12/ 

(14) 


Total budget 
f ijiancing 
7-8-9-10 
-11-12+13*14 

(15) 


General ac- 
count of the 
U.S. Treasury 

(16) 


U.S. 

Treasury 
Operating 
cash 

(17) 


Federal securities 


or month 


Public 
debt 

securities 
2/ 

(18) 


Agency 

securities 

11/ 

(193 


Investments 
of Govern- 
ment accounts 

(20) 


Held by the 

public 

18+19-20 

(21) 


1968 

1969 

1970 

1971 

19^2 

1973 

1974 

1975 

1976 

T.Q 

1977 (Est.)... 

1978 (Est.)... 
1975- Apr 

May 

June 

July 

Aug 

Sept 

Oct 

Nov 

Dec 

1977-Jan 

Feb 

Mar 

Apr 

, Fiscal 1977 

to date 

.i 


2,997 

-284 

-22 

3,103 

4,958 

-3,921 

-1,290 

1,968 

-1,956 

-199 

-318 

-56 

l,168r 

-85 3 
-3,475 

1,358 
-3,506 
1,949 
1,734 

-3,077 
1,107 

3,°80 
-Q50 
-50Q 

3,211 


367 
10,407 
-961 
482 
l,442r 
340r 
451J- 
-7,393r 
-5,710r 
-2,436r 
-10,337 
-7,975 
-l°8r 
-424r 
79r 

-l,515r 

-l,029r 

10°r 

2,590 

-584 
-1,467 

-2,«°0 

-421 

-875 

5 36 

-'.112 

n 1 


25,151 
-3,236 

2,845 
23,033 
23,372r 
14,849r 

4,68ar 
,='.10.-r 
66.451r 
12,°73r 
68,040 
57,749 

-791r 

5,714r 

-7,014r 

ll,292r 

2,245r 

-554r 

12,°S1 

7,38^ 

2,41° 

2,664 

5,554 

9,475 

-4,469 


6,785 
7,544 
9,291 
10,117 
11,785 
13,854 
10,473 

- 


7,589 
14,835 
17.414 

11,536 

8,153 

14,835 

10,051 

11.70° 
17,414 
12,04 3 
8,652 
11,670 

12,688 

14,603 

°,02S 

l-:,"i:.7 

!•:.':■- 


345,369 
352,895. 
370,094 
397,305 
425,435 
457,317 
474,235 
533,188 
520, 432 
634,701 
716,750 
793,455 

601, °7 3 
610,672 
520,432 

624,546 
533,328 
634,701 
537,603 
644,539 
553,543 

653,907 
563,348 
66°. 207 
671,023 

671,023 


24,399 
14,249 
12,510 
12,153 
10,894 
11,109 
12,012 
10,943 
10.953r 
ll,677r 
10', 290 
8,895 

10,924r 
10,9olr 
10,9';3r 
ll,2g7r 
ll,543r 
11.677r 

11,673 
11,643 
11,250 

10,945 
10,932r 
10,934 
10,883 

10,883 


79,140 
87,661 
97,723 
105,140 
113,559 
125,381 
140,194 
147,225 
151, 565 
148,052 
155,713 
155,223 

141,080 
145,560 
151,566 

149, 5Vo 
149,977 
148,052 
145,553 
146,831 
149 , 037 

145,937 
145,247 
146,758 
147,316 

I./', 316 


2°0,629 

279,483 

284,880 

304,328 

323,770 

343,045 

346,053 

395,905 

479,819r 

498,325r 

571,327 

537,127 

471,817r 
475,972r 
479,819r 

486,257r 
494,994r 
498,325r 
502,713 

509,451 
515,757 

518,914 
528,033 
533,383 
534,5°0 

■^34,500 



Footnotes on following page. 



Treasury Bulletin 



.FEDERAL FISCAL OPERATIONS^p- 



Footnotes to Table FFO-1. 



Source: Monthly Treasury Statement of Receipts and Outlays or the United 
States Government. 

Note: Revised Current Budget estimates, released April 2, 1977, are y 

available in detail for Net Budget receipts, outlays, and deficit. 
Other estimates are based on the 1076 Budget Reviaions of the U.S. 2/' 

Govemment, released February 22, 1977. 

The Export -Import Bank was inoved within the Budget effect!' 
1, l';i76 pursuant to Public Law 9^-646. Adjustments are made : ■. _ 
totals for the period It was outside the Budget (August 17, 1971 through 
Septeinber 30, 1976). Also, adjustments are made to reflect certain 
Export-Import Bank borrowing transactions now classified as agency debt. IQ/ 
These transactions were previously reported as off -budget negative 
outlays. 

For detail see Table FFO-2. 
For detail see Table FFO-3. 

As of July 31, l'^^, public debt outstanding has been adjusted to 
exclude the notes of the Inteniatlonal Monetary Fund to conform with 
the budget presentation. 
For detail see Table FFO-6. 

Current fiscal year to date transactions thr -, are 

on the Dally Statement of the U.S. Treasury ip "ind 11/ 

are converted to accounting date basis at June l' rin-i r 

Prior fiscal year amounts include transactions in transi ■ 



i/ 
2/ 

y 



u 



30. For amounts in transit see Table FFO-10 in the October 1974 

Bulletin. 

As of July 1974, balances shown under "Within general accounta of the 

U.S. Treasury" are now presented In columns 9, 11, and 13. 

Represents holdings of special drawing rights, less certificates issued 

. Federal Reserve banks. 

•presents activity of the International Monetary Fund. 
Includes: public debt accrued Interest payable to the public, deposit 
funds, miscellaneous asset and liability accounts, and as of July 1974, 
the gold balance. 

Includr>-- --• — ^ : increment of gold; fiscal 1969 conversions of 

certar private ownership; fiscal 1970 reclassification 

of Corr;. oration certificates of Interest; fiscal 1974 

convertucir. oi" ir.tere^t receipts of Govemment accounts to an accrual 

basis; and net outlays of off-budget Federal agencies. Also includes 

rural electrification and telephone revolving fund since May 12, 1973, 

Postal Service fund since July 1973, Federal Financing Bank since 

July 1974, housing for the elderly or handicapped fxind since August 

22, 1974, and Pension Benefit Guaranty Corporation since September 

17, 1974. 

For detail, see Table FD-6. 

Revised. n.a. Not available. * Less than $500,000, 



Jmu 19^7 



FEDERAL FISCAL OPERATIONS_ 

Table FFO-2. - Budget Receipts by Source 



(In millions oi dollars.) 



Fiscal year 
or month 



budget 
receipts 



Income taxes 



Individual 



Withheld 1/ Other Refunds 



Corporation 



Net 

income 

taxes 



1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

T.Q 

1977 (Est.) 

1978 (Est.) 

1976-Apr 

t'ly 

June . . . 

July. . , 

Aug 

Sept, . . 

Oct 

Nov . . . . 
Dec . . . , 

1977-Jan 

Feb 

Mar . . . , 
Apr , . . . 

Fiscal 1977 
to date. . . 



15 i, 671 


57,301 


187,784 


70,182 


103,743 


77,416 


188,392 


76,490 


208,649 


83,200 


232,225 


98,093 


264,932 


112,092 


280,997 


122,071 


300,005 


123,4a 


81.77" 


32,950 


350,461 


152,915 


404,728 


186,161 


33,348 


10,037 


22,670 


10,755 


37,615 


11,251 


22,660 


10,7^1 


27,360 


11,813 


■1,751 


10,406 


21,018 


10,694 


25,608 


12,201 


20 , 472 


12,179 


2Q,977 


11,OSO 


24.327 


11,40^ 


25.171 


12,972 


,0,016 


11,804 



20,951 
27,258 
26,236 
24,262 
25,679 
27,019 
30,812 
34,328 
35,528 
6,809 
39, 5Q1 
35,955 

12,723 

573 

5,275 



1,018 
542 

5,240 
564 
375 
678 

6,141 

1,154 

2,710 

14,581 

26,212 



9,527 
10,191 
13,240 
14,522 
14,143 
21,866 
23,952 
34,013 
27,367 
958 
43,589 

42,894 

7,512 

5,171 

490 

540 
267 
142 
163 
41 
194 

13 
4.045 
0,550 
7,725 



68,7:6 

87,249 

90,412 

86,230 

94,737 

103,246 

118,952 

122,386 

131,603 

38.801 

148,917 

179,222 

15,248 

6,157 
16,037 

11,201 
12,088 
15,513 
11,005 
12,535 
12,663 

18,108 
8,515 
6,131 

18,660 

87 , 708 



29,89/' 
38,338 
35,037 
30,320 
34,926 
39,045 
a, 744 
45,747 
46,783 
9,809 
62,859 
57,645 

6,72" 

1,396 

10,391 

1,885 
1,111 
6,812 
1,874 
1,185 
7,838 

2,007 
1,311 
9,131 
8,461 

31,807 



1,232 
1,660 
2,208 
3,535 
2,760 
2,893 
3,125 
5,125 
5,374 
1,348 
5,677 
6,000 



380 
301 

372 
422 
554 
846 

486 
205 

313 
363 
412 

488 



28,665 
36,678 
32,829 
25,785 
32,165 
36,153 
38,620 
40,621 
41,409 
•8,460 
57,182 

61,545 

6,119 

1,015 

10,000 

1,513 

689 
5,259 
1,027 

699 
7,633 

1.694 

948 

8,719 

7,974 

28,694 



97,390 
123,927 
123,241 
113,015 
126,903 
139,398 
157,571 
163,007 
173,011 

47,261 
206,099 
240,867 

21,367 
7,172 
26,036 

12,714 
12,775 
21,771 
12,122 
13,234 
20,296 

19,803 

9,463 

14,851 

26,633 

115,402 





Social insurance taxes and contributions 




Employment taxes and contributions 


Unemployment insurance 


Fiscal year 
or month 


Old-age, disability, and 
hospital insurance 


Railroad retirement accounts 


Net 

employment 
taxes and 
contributions 


Gross 


Refunds 


Net 

unemployment 

insurance 




Gross 


Refunds 


Met 


Llross 


Rel\mds 


Net 


1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

T.Q 

1977 (Est.) 

1978 (Est.) 


28,672 
33,955 
38,600 
41,237 
45,559 
54,166 
65,015 
74,075 
78,792 
21,4"5 
90,561 
103,109 
7,932 
Q,288 
6,555 

5,017 
0,045 
6,513 
5,288 
7,488 
5,668 

6,402 
0,067 
6,60d 
8,081 

40,670 


263 

505 
385 
518 
4*7 
479 
535 
360 
408 

441 
502 

408 


28,409 
33,351 
38,214 
40,719 
45,111 
53,687 
64 , 481 
73,715 
78,384 
21,475 
90,120 
102,607 
7,932 
9,288 
6,147 

5,917 

9,045 
6,513 
5,288 
7,488 
5,668 
6,492 
0,067 
6,596 
8,981 

40,670 


815 

885 

920 

981 

1,009 

1,190 

1,412 

1,490 

1,525 

328 

1,860 

1,855 

79 

203 

145 

20 

283 

25 

21 

287 

158 

18 

290 

162 

18 

056 


1 
* 

1 
1 

* 

• 

* 

1 


814 

885 

919 

980 

1,008 

1,189 

1,411 

1,489 

1,525 

328 

~'1,850 

1,855 

79 

203 
145 

20 

283 

25 

21 

287 
158 

18 
290 
162 

18 

n'.b 


29,224 
3A,236 
39,133 
41,699 
46,120 
54,875 
65,892 
75,204 
79,909 
21,803 
, 91,980 
'104,462 

8,011 
9,491 
5,292 

5,937 
9,328 
6,538 
5,308 
7,775 
5,825 

6,511 
9,357 
6,858 
8,999 

50,535 


3,351 
3,335 
3,471 
3,682 
4,370 
6,070 
6,853 
6,804 
8,085 

10,921 
14,202 

962 

2.945 

248 

726 
1,824 

154 

504 
1,205 

-26 

348 

098 

127 

1,307 

';.464" 


6 

b 
8 
13 
19 
26 
33 
32 
6 
38 
56 

10 

4 

-0 

3 
1 

1 
1 
1 
1 

1 
12 

17 


3,346 
3,328 

3,454 

3,674 
4,357 
6,051 
6,837 
5,771 
8,054 
2,698 
10,883, 
M,U6 


1976-Apr.,., , 


Q52 


May 


2,940 
254 

723 
1,822 

153 

503 

1,205 

-25 


July 

Aug 

Sept 

Oct 

Nov 

Dec 


1977Jan 

Feb 

Mar 

Apr 

Fiscal 1077 
to date 


347 

997 

126 

1,296 

4,447 



Footnotes at end of table. 



4 



Treasury Bulletin 



.FEDERAL FISCAL OPERATIONS. 



Table FFO-2. - Budget Receipts by Source— Continued 











(In 


millions of dollars) 














Socio 


- 


ritributionG - Continued 


Excise taxes 


Fiscal year 




■ 'T 


Net 
social 
insxirance 
taxes and 
contri- 
butions 


Mi::rellQneou..^ 


Airport and airway tr\jst I'und 


or month 


""""■ 


Cross 


Refunds 


Net 


Gross 


Refunds 






Federal 
supple- 
Rientary 
nedlcal 
Insurance 


Federal 

employees 

retirement 


Other 
retirement 


Total 


Net 


1968 

1969 

1970 

1971 

1972 


698 

903 

936 

1,253 

1,340 

1,427 

1,704 

1,901 

1,937 

'in 

2,143 

;,i5: 

IbO 
159 
157 

178 
183 
177 
1-3 
181 
181 

178 
180 
180 
178 

1,2'2 


1,334 
1,426 

1,735 
1,916 
2,058 
2,14t 
2,3ffi 
2,513 
2,7eO 
705 
2,944 
2,958 

220 
216 
254 
225 

275 
205 
209 
257 
219 

280 
225 
242 
227 

1,669 


20 
24 
29 

37 
39 
41 
45 
52 
54 
13 
55 
55 

6 
4 
4 

4 
5 
4 
5 
3 
7 

4 
4 
6 
4 

34 


2,C52 
2,353 
2,701 
3,207 
3,437 
3,514 
4,051 
4,455 
4,752 
1,258 

5,143 
5,205 

385 
380 
425 

408 
454 
385 
383 
451 
407 

462 

410 
428 

409 

2,955 


34,622 
39,918 
.'.5,298 
.'.3 ,578 
53,914 
64,542 
76,780 
86,441 
92,714 
25,759 

108,006 
123, 8U 

9,349 
12.811 

6, ■■71 

7,06-? 

11,514 
7,077 
6,199 
9,432 
6,207 
7,320 

10,754 
7,413 

10,703 


9,827 

10,681 

10,519 

10,643 

10,552 

9,995 

9,884 

9,550 

10,753 

2,564 

10,239 
10;602 

377 

746 

-^6 

836 
829 
849 
303 
831 
943 
730 
748 
712 
877 


127 
95 
167 
133 
1,055 
158 

la 

150 
141 
44 
146 
149 

-5 
12 
12 

11 
15 
18 
12 
28 
-3 
12 
10 
15 
12 

85 


9,700 

10,585 

10,352 

10,510 

9,505 

9,836 

9,743 

9,400 

1D,&L2 

2,520 

10,093 
10,453 

882 
734 
884 

875 
314 
831 
791 
803 
946 

758 
738 
697 
855 

5,609 


564 

550 

760 

842 

964 

940 

277 
1,193 ' 
1,273 

81 

53 

92 
96 
96 
93 
111 
94 

97 
87 
94 
91 

667 


■2 
1 
2 
2 
1 
2 
1 
2 
2 

1 
1 
# 

1 


553 
649 
758 
840 
962 
938 


1973 


1974 

1975 


1976 

T Q 


1977 (Est.) 

1978 (Est.) 

1976-Apr 

May 


277 
1,191 
1,271 

81 
53 


July 

Aug 

Sept 

Oct 


94 
92 

39 
96 


Hov 


93 


Dec 


111 


1977-,!an 

Fei 

Mar 


94 
97 
87 


Apr 

Fiscal 1977 


93 
91 







Fiscal year 
or month 



Excise taxes - Continued 



liigh'ffay trust fund 



Net 

excise 

taxes 



Estate and gift taxes 



Customs duties 



Net miscellaneous receipts 



Deposits of 
earnings by 
Federal 
Reserve 
banJcs 



All 
other 



1968 

1969 

1970..... 

1971 

1972 

1973 

1974 

1975 

1976 

T.a 

1977 (Est.).. 

1978 (Est.).. 
1976-Apr 

May 

June. , . 

July. . . 

Au;: , 

Sept... 

Oct 

Hov 

Dec... . 

1977-Jan 

Feb 

)*ir 

Apr.. .. 

Fiscal 1977 
to date .... 



4,4'-'-: 
4 8"- 1 

5,635 

5,818 

6,384 

6,334 

5,565 

1,6V7 

6,794 

7,005 

496 

545 

523 

543 
ill. 
560 
524 
594 
./■3 

48;- 
^0/. 
5'.. 



114 
224 

32 
123 
313 
153 
123 
145 
152 
_ 1 
139 
148 
106 
2 

13 



4,37.9 
4,537 
5,354 
5,542 
5,322 
5,665 
6,260 
6,188 

5,a3 

1,676 



19 
12 

98 



5^555 
5,857 

390 
543 
511 

543 
5''? 



473 
583 
470 
492 
436 



3,580 



14,079 
15,222 
15,705 
16,514 
15,477 
16,260 
16,844 
15,551 
16,963 
_4,_473_ 
17,939 



3,082 
3,530 
3,680 
3,784 
5,490 
4,976 
5,101 
4,688 
5,307 
1,485 



18,581 

1,353 
1,329 
1,489 

1,510 
1,476 

1,486 
L , .'.08 
1,517 
1,513 
1,447 
1,294 
1,283 
1,392 

9,854 



A002_ 



,935 
397 
495 
450 

463 
555 

467 



505 

513 

1,897 
636 
389 

4,944 



31 
39 
35 
49 
54 
59 
56 
77 
91 
31 
100 
100 

10 
6 
7 

9 

8 
14 



9 

7 

11 

13 



3,051 
3,491 
3,644 
3,735 
5,435 
4,917 
5,035 
4,611 
5,215 
1,455 

1,9Q9 

5,835 

387 

489 

442 

454 
547 
453 
417 



1,S9G 
525 
376 



2,113 
2,387 
2,494 
2,657 
3,394 
3,308 
3,444 
3,782 
4,209 
1,243 
4^870 
5,446 
370 
359 
432 

399 

404 
440 
358 

/.04 



356 
475 
407 



75 

58 

64 

66 

107 

120 

110 

106 

134 

31 

150 

160 

13 

10 
11 

IC 
10 

11 
1.' 

12 

14 
9 
9 

14 



2,038 
2,319 
2,430 
2,591 
3,287 
3,188 
3,334 
3,676 
4,074 
1,212 

4,720 
■:,?«« 

357 
349 

421 



392 
412 
381 
347 
466 
393 



2,091 
2,562 
3,266 
3,533 
3,252 
3,495 
4,845 
5,777 
5,451 
1,500 
5,000 
6,400 

'503 
473 
478 

487 
502 
511 
4"C 
503 
501 
478 



460 
■,4le 



400 
247 
158 
325 
380 
426 
523 
935 2/ 
2,576i/ 
112 

704 
841 

32 
56 

1,777 

37 
49 
26 
38 
50 
42 

43 
44 
74 
58 



2,491 
2,908 
3,424 
3,858 
3,633 
3,921 
5,369 
6,7U. 
8,028 
1.613 

J'.TSti. 
7,241 

535 

528 

2,255 

524 
552 
537 
527 
553 
542 

521 
558 
534 
517 

i.764 



Source: Monthly Treasury Statement of Receipts and Outlays of the 

United States Government. 
Note: Budget estimates arc based on the Revised Current Budget estimates 

released April 2, lo77. Estimates in detail are not available and are 

based on the 1978 Budget Revisions, released February 22, I077. 
i/ Includes individual income taxes designated for the Presidential 

election campaign fund. Prior to February 1974, these taxes were 

■■.. li-.ied In "Other". 



2/ Includes $.;42,615 thousand in fees for licenses to import petroleum 

and petroleum products. 
2/ Includes $1,670 million In fees for licenses to Import petroleum and 

petroleum products. 
• Less than $500,000. 



jinie nr? 



.FEDERAL FISCAL OPERATIONS. 



cn 



O 

Ql 

ID 

o 

GO ' 

I— cn 



LU (TJ 



q: 



o 

Q 

Z) 
CQ 



>- 

CO 
o 




o 
CO 



.FEDERAL FISCAL OPERATIONS, 



Treasury Bulletin 



Table FFO-3. - Budget Outlays by Agency 



of dollars) 



Fiscal ywar 
or month 



Leg is- The 



Executlv* 
Office 
of the 



Presldem President 



Funds ap- 
propriated 
to the 



Agricul- 
ture De- 
partment 



Commerce 
Depart- 
ment 



Defense Department 



Military 



Health, 
Education, 
i Welfare 
Department 



Housing & 
Urban De- 
velopment 
Departmeni 



Interior 
Departs 
ment 2/ 



Depart- 
ment 



Depart- 
ment 



1968 , 

1969 

1770 , 

1971 , 

1972 

1973 , 

197A 

1975 

1976 

T.Q 

1077 (Fst.) 

1978 (Est.) 

1976- Apr... 
Maj... 

June.. 

July.. 
Aug... 
Sept.. 
Oct... 
Nov... 
Dec . . . 

1977- Jan... 
Feb... 
Mar... 

Apr.. . . 

Fiscal 1977 
to date 



1,016 
1,102 



43 
73 

71 



53 
c)9 



325 

85 

398 

440 



61 
25 
35 
46 

234 



43 



4,913 
4,967 

4^540 
4,269 
3,733 
4,015 
3,572 
3,525 
1 ,221' 

:,25i 

' ,572 



- 176 

493 

-223 

-574 

-891 

336 

510 

384 

35 



7,307 

8,330 

8,307 

8,560 

10,943 

10,028 

9,767 

9,725 

12,796 

3,850 

15,963 

17,012 



475 

982 

1,875 

1,165 

1,372 
1,286 

1,705 
1,825 

10,210 



807 
854 
1,028 
1,188 
1,250 
1,368 
1,455 
1,583 
2,020 
534 
3,073 

4,799 



162 
151 
239 

178 
159 
197 
131 
191 
201 

L45 
135 
167 

186 



77, 
77, 
77, 
74, 
75.: 
73. 
77, 
85,... 
88,036 
21,926 
96,2 
109. 



8,076r 

6,951 

7,622 

7,246 
6,826 
7,855 
7,244 
7,820 
8,305 

8,004 
7,907 
8,146 
7,745 

55,171 



1,121. 
583 



153 

164 
204 

158 
209 
206 
194 
218 
171 

182 
116 

111 



1,151 



40,576 
l.b.'i'il, 
52,336 
61,866 
71,779 
82,042 
93,735 
112,411 
1281785 

34,341 
147,713 
164,148 



11,131 

10,485 
11,319 

11,234 
11,318 
11,783 
11,635 
11,983 
11,968 

11,918 
12,136 
12,458 
12,318 

84.417 



4,140 
1,529 
2,603 
2,890 
3,642 
3,592 
4,786 
7,488 
7,079 
1,397 
6,798 

8,934 



1,125 
-134 
406 
110 
399 
590 

517 
409 
583 
510 

3,118 



235 

837 
1,136 

225 

1,256 

-2,236 

-4,881 

2,162 

2,293 

788 
3,394 
3,471 



253 
280 
255 
248 
240 
277 

171 
216 
212 

302 

1 666 



430 

515 

640 

916 

1,180 

1,531 

1,797 

2,067 

2.242 

551 

2,421 

2,42: 



194 
172 
193 

a5 
154 
181 
199 
194 
a5 

213 
165 
203 
195 

1.385 



3,272 

3,475 

4,356 

7,923 

10,033 

8,639 

8,966 

17,649 

25.742 

5,Qtl5 



2,107 
1,883 
2,035 

1,909 
2,215 
1,782 
1,459 
1,738 
1,931 

2,010 
2,038 
2,313 
1.831 
1,320 



Fiscal year 
or month 



State 
Depart- 
ment 



Transpor- 
tation 
Departmen- 



Treasury 
Department 



Interest 
on the 
public 
debt i/ 



Other 
i/ 



Energy 
Re- 
search 
and 
Derip. 
Admin. 



Environ- 
mental 
Protection 
Agency 



General 
Services 
Adminis- 
tration 



National 
Aero- 
nautics 
and 
Space 
Admin, 



Veterans 
Adminis- 
tration 



Other 
independ- 
ent 
agencies 

1/ 



Undistributed Offsetting 
Receipts 2/ ^ 



Rents and 
Royalties 
on the Outer 
Continental 
Shelf lands 



1968. 
1969. 
1970. 
1971. 
1972. 
1973. 
1974. 
1975. 
Vffb. 
T.Q. . 

19- 



197«-Apr.. 
May.. 
June. 

July. 
Aug.. 
Sept. 

Oct.. 
Nov.. 
Dec. . 



1977-Jan. 
Feb. 
Mar.. 



'local 1977 
to date. 



424 

437 

448 

458 

558 

591 

730 

844 

1.061 

316 

1,174 

1,245 



67 
42 

:-'o 

233 
50 
34 

116 

30 

12« 
111 
132 



ru 



5,732 
5,970 
5,417 
7,247 
7,531 
8,183 
8,112 
9,247 
11,936 
3,003 
12,561 
U,952 



1,056 

718 

1,234 

945 

985 

1,072 

1,010 

1,331 
1,127 

993 
781 
872 
897 

7.021 



14,573 
16,588 
19,304 
20,959 
21,849 
24,167 
29,319 
32,665 
37,063 
8,102 

41,900 

44,468 

2,6001 
3,223 
3,143 

3,754 
2,862 
1,486 
2,870 
3,065 
6,421 

2,881 

2,774 

2,754 
2,878 

23,643 



82 

336 

206 

31 

275 

6,792 

6,674 

8,512 

7,272 

1,598 

8,945 

9,155 



1,950 

310 

-194 

1,342 

203 

52 

1,873 

225 

-154 

1,808 
250 
335 

2,318 

6.531 



2,456 
2,450 
2,453 
2,275 
2,392 
2,393 
2,307 
3,198 
3,759 
1,051 

5,075 
6,419 



322 

339 
457 

233 
336 
482 
267 
'42 
422 

326 
366 
380 
409 

2,512 



701 
763 
1,114 
2,032 
2,530 
3,118 
1,108 
4,997" 
6,073 



268 

21° 



439 
338 
331 
274 
412 
353 

312 
284 
458 
285 

2,379 



Source: Monthly Trcasur;,* Statemen- of Receipts and CKjtlays of the 

United States Government. Budget estimates are based on the Revised 
Current Budget estimates, released April 2, 1977. 

Note: Oltlays consist of disbursements less proprietary receipts from 

the public and certain I ntrabudgetary transactions. Agency shifts are 
shown In this table beginning with the period of such shifts; figures 
prior to the shifts have been adjusted. 

The Export-Import Bank was moved within the i-. • ive 

October 1, 1976 pursuant to Piibllc Law 93-646. A-d. ■ made to 

include totals for the period It was outside the :-. :t 17, 1971 

through September 30, 1976). Also, adjustments are nade to reflect 
certain Export-Import Bank borrowing transoctlonc now classified as 
agency debt. These transactions were previously reported aa off-budget 



4,721 
4,247 
3,749 
3,381 
3,422 
3,311 
3,252 
3,267 
3,670 
953 



293 
279 
285 

3V, 

359 
250 
368 
359 
345 

275 
321 
352 
322 



5,858 

7,559 

8,553 

9,756 

10,710 

U,968 

13,337 

16,575 

18,415 

3,957 

18,163 

18,819 



7,337 

4,890 

7,245 

8,879 

10,031r 

ll,997r 

14,174r 

18,759r 

19,132r 

5,800r 

20,679 

25,887 



-127 
25 
71 

-130 

101 

32 

-101 

74 

102 

-181 
-3 
83 

-201 



-227 2,342 11.071 

negative cytlays. 



1,618 


l,897r 


1,569 


l,561r 


1,254 


l,471r 


X^il 


2,147r 


1,385 


l,3Ur 


1,222 


2,339r 


1,382 


3,613 


1,723 


1,575 


1,459 


1,596 


i.':i40 


1,1-7 


1,574 


125 


1,611 


1,6C4 


1,^83 


1,749 



11.536 



-2,428 
-2,662 

-IJll 
-2,300 
-2,70C ■ 



-.-.14 

-4f-5 

-45 

-64 
-289 
-958 

-71 
-120 
-353 

-61 

-70 
-82 
-57 

-815 



-4,499 
-5,117 
-6,380 
-7,375 
-7,858 
-8,379 
-9,893 
-11,670 
-12,042 
-1.255 
-12,767 
-12,109 



-a9r 

-953 
-1,323 

-1,072 

-924 

741 

-365 

-539 

-3.854 

-399 
-518 
-377 
-418 

-6,471 



178,833 

184,548 

196,588 

211.425 

232.021r 

247,074r 

269,621r 

326,105r 

366,456r 

94,746r 
408,191 
462,581 



32,557r 
28,393r 

30,601r 

33,952r 

29,505r 

31,189r 

34,000 

33,083 

31,891 

32,640 
30,880 
34,646 
35,547 

232,687 



i/ 
1/ 



2/ 



locEiuletlve year to date fiRures n»y not add due to budget realigoents. 
Prior to January 1975, Rents and Royalties on the Outer Continental 
Shelf lends were shewn as proprietary receipts from the public for the 
Interior Department. To conform with the FY 1976 Budget Document's 
presentation, these amounts were reclassified and are now being shown 
as undistrlNiTpii offR<>+tInf; receipts. 
Reported ' : r,. 

Pursuant , -9, the activity for the Atomic aiergy 

conmisplc: .ar regulatory and reactor safety research 

was transferred '.^ t-l.c jj.crgy Research end Development Adndni strati on. 
For content see Table FFO-i. 
Revised, 



Ji/uc IT 7 



.FEDERAL FISCAL OPERATIONS. 



Table FFO-4. - Undistributed Offsetting Receipts 



(In millions of dollars) 



Fiscal ye ax 
or month 



Federal employer contributions to retirement funds 



Health, Education 
and Welfare Dept. 



Federal Old-Age 
Disability, and 
Hospital Insurance 



Civil Service 
Commission 



Civil Service 
Retirement and 
Disability Fund 



Other 
1/ 



Interest credited to certain Government accounts 



Defense 
Department 



Soldiers ' 
Airmen ' s 
Home 

Permanent 
Fund 



Health, Education, and Welfare Department 



Federal Old-Age 
and Survivors 
Insurance 
Trust Fund 



Federal 
Disability 
Insurance 
Trust Fund 



Federal 
Hospital 
Insurance 
Trust Fund 



Federal 
Supplementary 
Medical 
Insurance 
Trust Fund 



1968. 
1969. 
1970. 
1971. 
1972. 
1973. 
1974. 
1975. 
1976. 
T.Q... 



1977 (Est.). 

1978 (Est.). 



1976-Apr 

May .... 
June. . . , 

July..., 

Aug 

Sept 

Oct 

Nov 

Dec 

1977- Jan 

Feb 

Mar 

Apr 

Fiscal 1977 
to date .... 



510 
611 
728 

727 
742 

816 
911 
1,082 
1,138 
2o^ 
1,169 
1,293 

106 

107 
108 

97 
102 
95 
85 
87 
92 
09 

99 
96 



1,310 
1,401 
1,709 
1,876 
2,018 
2,101 
1,756 
1,918 
2,080 
592 

2,219 
2,228 

168 
165 
181 

175 
271 
147 
158 



1 ="1 

170 
l'J5 

179 

1.242 



10 

652 

980 

1,024 

99 
1,203 
1,132 

49 

49 

449 

50 

1 

43 

48 

60 



1,825 
2,018 
2,444 
2,611 
2,768 
2,927 
3, ao 
1,980 
4,242 
985 
4,591 
4,653 

322 

320 

73'-* 

321 
374 
290 
292 



323 
340 

1?0 



894 
1,009 
1,346 
1,617 
1,718 
1,848 
2,039 
2,296 
2,346 
80 
2,320 
2,162 

56 
25 

987 

6 
56 

17 

37 

69 

951 



58 
16 

40 



81 
140 
221 
324 
388 
435 
479 
512 
467 

13 
384 
253 

3 
5 

200 



4 

2 

11 

17 ■: 



94 
138 
183 
190 
198 
406 
607 
708 

778 
854 

2 

2 

359 

2 

1 
1 
2 
4 
365 

2 
5 

4 
5 



21 
23 

12 
17 

29 

43 

77 

104 

104 

118 
ISO 

1 

1 

44 

1 
1 
2 

1 
2 

47 
1 
4 
5 
5 



05 







Intere 


It credited to 


certain Government accounts- 


-Continued 






Rents and 
royalties 
on the Outer 
Continental 
Shelf lands 
i/ 






Labor 
Department 


Transportation 
Department 


Veterans Administration 


Civil Service 
Commission 


Railroad 

Retirement 

Board 


Other 
2/ 


Total 




Fiscal year 
or month 


Government 
Life 

Insurance 
Fund 


National 

Service 

Life 

Insurance 

Fund 


Grand 
total 




Unemployment 
Trust Fund 


Highway 
Trust Fund 


Civil Service 
Retirement and 
Disability 
Fund 


1968 


439 
517 
601 
637 
496 
487 
650 
639 
283 

55 

354 

22 

5 
44 

45 
10 
7 
28 
43 

1 

38 
-6 
14 

126 


34 
53 
115 
184 
205 
247 
415 
585 
587 
11 
i05 
663 

1 

1 

279 

2 

6 

6 

9 

17 

249 

1 
1 
1 
2 

27Q 


32 

32 
31 
31 
32 
31 
31 
31 

31 

31 
33 

15 

* 

16 

15 


211 
225 
245 

271 
292 

309 
338 
368 
398 
8 
433 
475 

1 

192 

2 
6 

1 

205 

6 

2 

216 


706 

805 

987 

1,232 

1,464 

1,566 

1,838 

2,136 

2,463 

71 

2;750 

3,182 

6 

40 

1,1U 

3 

65 

4 

8 

42 

1, 302 

3 
63 

8 
10 

1,435 


181 
191 
215 
251 
258 
2b2 
257 
274 
246 
lb 
235 
235 

2 

91 
1 

1 

12 

2 

5 

13 

91 

3 
11 
1 

12? 


9 

8 

20 

14 

12 

2 3 

40 

130 

162 

106 
242 

Ir 
463 
-2,651 

732 

34s 

-1,077 

1 

2 

92 

1 

1 

1 


2,674 
3,099 
3,936 
4,765 
5,089 
5,452 
6,574 
7,690 
7,800 
270 
8,176 
8,607" 

a6r 
633 
584 

751 

550 

-1,030 

74 

187 

3,546 

20 
196 

37 
86 

4.147 


2,428 
2,662 

1.311 
2,300 
2,700 

414 

495 

45 

64 
239 

958 
71 
120 
353 
61 
70 
8^ 
f,7 

815 


4,499 
5 117 


1969 


1970 


5,380 


1971 


1972 




1973 


8,378 

9,893 

14,098 

14,704 


1974 


1975 


1976 


T.Q 

1977 (Est.) 


2,567 
15,057 


1978 (Est.) 


15 950 


1976-Apr 


833r 
1,449 


May 




1,368 


July 


1,136 




1,213 


Sept 


217 


Oct 


436 


Not 


659 


Dec 


4,207 


1977-Jan 


460 


Feb 


588 


Mar 


459 


Apr 


475 


Fiscal 1977 




to ''ate 


7,286 




1 



Source: Monthly Treasury Statement of Receipts and Outlays of the United 

States Government. 
Note: Budget estimates are based on the Revised Current Budget estiioates, 

released April 2, 1977, Other estimates are not available in the 

necessary detail and are based on the 1978 Budget, released 

January 17, 1977, 
1/ Includes receipts froro off-budget Federal agencies to the Civil Service 

Retirement and Disability Fund as of May 1974. 
2/ Beginning fiscal 197A, includes adjustments of interest on public debt 

issue to convert to the accrual basis. Also includes Indian tribal 

funds. Interior Department, Judicial survivors annuity fund, State, 



foreign service retirement and disability fund, and Airport and Airway 
trust fund. 

2/ Prior to January 1975, Rents and Royalties on the Outer Continental 
Shelf Lands were shown as proprietary receipts from the public for 
the Interior Department. To conform with the FY 1976 Budget Docu- 
ment's presentation, these amounts were reclassified and are now 
being shown as undistributed offsetting receipts. As a- result, the 
detail will not add to the Fiscal Year l'^?^ totals. 

* Less than $500,000. 

r Revised. 



8 



.FEDERAL FISCAL OPERATIONS. 



Treasury Bulletin 



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10 



Treasury Bulletin 



.FEDERAL FISCAL OPERATIONS. 



Table FFO-6. - Investment Transactions of Government Accounts in Federal Securities (Net) 











(In millionB of 


dollars) 
















Health, Education, and Welfare Department 


Housing and Urban Development Department 


Labor Department 


Fiscal year 
or month 


Federal 
Old-Age and 
Survivors 
Insurance 
Trust Fund 


Federal 

Disability 

Insurance 

Trust 

Fund 


Federal 
Hospital 
Insurance 
Trust Fund 


Federal 
Supple- 
mentary 
Medical 
Insurance 
Trust Fund 


Other 


Federal 
Housing 
Adminis- 
tration 


Government National 
Mortgage* Assn. 


Federal 
Insurance 
Adjninis- 
tratlon 


Other 


Unemploy- 
ment Trust 
Fund 






Partici- 
pation 
Sales 
Fund 


Other 


Other 


lot*' 


1,5S4 
2,898 
3,953 
1 ,27.; 

2^175 
-1,924 

-an 

-1.733 
- 2 , 26s' 

693 
1,371 

-I,?':"' 

1.34" 

-l,01i3 

-1,T>I. 

-170 

257 

-1,125 

35 

250 

841 

-1,707 


591 

1,121 

1,342 

1,263 

934 

792 

391 

-37 

-1,227 

-477 

-1,036 

C'6 

4 
-83 

-254 

-152 
-72 

-3?0 

-349 

2= 

-134 

-240 

-103 

-2a 

-1,257 


87 

590 

693 

377 

-146 

1,338 

3,642 

1,897 

1,181 

67 

227 

3,222 

27 

-123 

463 

-236 

-n 

316 

-291 
365 

-262 

-8 
845 

-181 

76 


-197 

77 

-345 

244 

221 

222 

531 

148 

-148 

14 

392 

1,064 

-36 
-55 
-60 

93 
95 

-1":! 

^■\) 

73 

451 

6 
103 

50 
11 

773 


* 
-1 


135 

165 

131 

128 

109 

31 

63 

200 

118 

28 

151 

160 

2 
3 

38 

-10 

6 

-6 
-43 

43 
31 
-5 

37 

11 ■• 


470 
465 

-369 
197 

-202 
299 
184 
223 
261 
27 
-107 

-357 

-5 

56 

30 

-37 
16 
47 
-5 
54 
-4 

-253 

9 

32 

-31 

-20? 


-7 

-8 

-8 

-6 

-8 

-4 

1 

12 

29 

2 

-24 

-19 

1 
-* 

2 
» 
1 
3 
-2 

3 

7 

-2 

1* 


32 

28 

14 

1 

6 

5 

-8 

12 

2 

2 

2 

-5 
3 

-3 

1 

-4 


-10 
-3 

2 
5 

9 

15 

8 

7 

-47 

9 

10 

1 
i 
1 

3 

1 

-50 


1,146 

938 

488 

-1,747 

-1,428 

1,144 

1,165 

-4,938 

-2,373 

104 

300 

3,900 

-19 

2,719 

-1,023 

-256 

1,026 

-667 

-32 

565 

-707 

-927 

59 

-667 

460 

-1,248 




1069 

197C' 

1971 

1972 

1Q7'= 




1974 

1975 

1976 

T.a 

1977 (Est.) 

1978 (Est.) 

1076-Apr 

May 

June 

July 

Aug 

Sept 

Oct 

Nov 


7 
-1 

7 
-1 


Dec 

1977-Jan 


- 


Feb 

Mar 


- 


Apr 

Fiscal 1977 


-1 



Fiscal year 
or month 



Transportation 
Department 



Airport 

and 

Airway 

Trust Fund 



Highway 

Trust Fund 



Treasury 
Department 



Veterans 
Administration 



National" 
Service 
Life In- 

STirance 



Civil 
Service 

Commission 



Federal 
Deposit 
Insurance 
Corpora- 
tion 



Federal 
Savings 
and Loan 
Insiu-ance 
Corpora- 
tion 



Postal 
Service 



Railroad 
Retire- 
ment 
Board 



All 
other 



1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

T.Q 

1977 (Est.). 

1978 (Est.). 

1976-Apr 

May 

June, .,, 

July.... 

Aug 

Sept 

Oct 

Nov 

Dec 

1977-Jan 

Feb 

Mar 

Apr 

Fiscal 1977 
to date 



878 
1,058 
593 
183 
522 
403 

44 

18 

130 

59 
61 
63 
57 
71 
116 
40 
63 
61 



464 



257 

534 
1,089 
1,033 

822 

1,094 

2,049 

1,937 

-505 

-79 
1,218 

356 

50 

184 

79 

35 

-121 

8 

-128 

-93 

155 

170 

152 

173 

130 



-589 

-747 

-5 

1,380 

1,201 

353 

-566 

-920 

56 

40 



-8 

1 

-2 

23 

15 

2 

-1 

208 

293 

4 

-32 

-21 

145 



224 

5 

86 

83 

62 

272 

178 

111 

215 

25 

296 

133 

-1 
-1 
184 

12 

13 

1 

7 

5 

195 

-U 

-10 

-24 

-147 



122 


873 


258 


29 


1,975 


313 


14 


1,960 


328 


20 


2,932 


180 


29 


3,123 


438 


26 


3,337 


537 


30 


3,669 


225 


27 


4,635 


404 


42 


5,253 


470 


» 


-755 


-128 


47 


7,182 


883 


46 


5,753 


371 


-1 


-261 


-25 


-2 


-284 


71 


34 


6,127 


21 


3 


-374 


-U 


-1 


-66 


16 


-1 


-315 


-133 


-3 


-322 


24 


-2 


-127 


i" 


38 


958 




1 


-173 




-3 


-165 


4 !-■ 


-5 


-230 


1 


18 


-330 


18 



Source: Monthly Treasury Statement of Receipts and Outlays of the United 
States Govemncnt. Budget eetimat";^ '.r.> !.^tsed on the 1978 Budget of the 
U.S. Covemnent, released Januar:.- 
Note: Figures may not add due t 
• Leas than $500,000. 



265 

283 
173 
196 
148 
257 
378 
316 
368 
135 

310 

401 

19 
-9 
22 

42 
80 

13 
12 

111 



16 



1,370 

-280 

-292 

-90 

125 

599 

-151 
-920 

-283 

287 

-415 

389 

-202 

412 

1,517 

-170 
245 
-300 
-155 
232 
-191 



1,228 



135 

59 

268 

-9 

-110 

24 

-60 

-290 

-246 

-660 

50 
23 

-180 
-U6 
1,212 

-293 

-38 

-329 

-192 

220 

-rl 
-?/7 

-34 
-164 
-304 



-833 



-21 

-204 

237 

-U5 

26 

67 

110 

165 

2,030 

-1,682 

220 
236 

26 
35 

-78 

59 

1,719 

-20 

52 

73 

69 

-5 

4 

29 



5,320 
8,522 

10,062 
7,417 
8,420 

11,821 

14,813 
7,031 
4.341 

-3,5U 
8,346 

12,748 

53r 
4,581 
5,905 

-1,990 

401 
-1,925 
-1,489 

268 

2,205 

-3,099 

310 

510 

558 



-737 



fmie nr? 



.FEDERAL FISCAL OPERATIONS, 



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12 



Treasury Bulletin 



.FEDERAL OBLIGATIONS. 



"Obligations" are the basis on which the use of funds 
is controlled in the Federal Ctovernment . They are recorded 
at the point at which the Government makes a firm commitment 
to acquire goods or services and are the first of the four 
key events — order, delivery, payment, consumption — which 
characterize the acquisition and use of resources. In gen- 
eral, they consist of orders placed, contracts awarded, ser- 
vices received, and similar transactions requiring the dis- 
bursement of money. 

The obligational stage of Government transactions is a 
strategic point in gauging the impact of the Government's 
operations on the national econonor, since it frequently rep- 
resents for business firms the Government commitment which 
stimulates business investment, including inventory purchases 
and employment of labor. Disbursements may not occur for 
months after the Government places its order but the order 
itself usually causes imnediate pressure on the private 

economy . 

ObliRations are classified according to a uniform set 



of categories which are based upon the nature of the trans- 
action without regard to its ultimate purpose. All payments 
for salaries and wages, for example, are reported as per- 
sonnel compensation, whether the personal services are used 
in current operations or in the construction of capital items. 

Federal agencies and firms often do business with one 
another; in doing so, the "buying" agency records obligations, 
and the "performing" agency records reimbursements . In Table 
FO-1, obligations that are incurred within the Government are 
distinguished from those incurred outside the Government. 
Tables FO-2, 3, and h show only those incurred outside. 

Obligation data for the administrative budget fund ac- 
counts were first published in the September I967 Treasury 
Bulletin and the trust fund accounts were first published in 
the October I967 Bulletin. Beginning with the April I968 
Bulletin, the data are on the basis of the budget concepts 
adopted pursuant to the reconmendations of the President's 
Commission on Budget Concepts. 



ne December 1976 through April 1977 obliEations data are not included 

in this issue due to certain unavoidable delays in processing. 

This data irlll be published In subsequent Bulletins. 



jinunn 



.FEDERAL OBUGATIONS. 



13 



Table FO-1. - GrosB Obligations Incurred Within and Outside the Federal Government 

by Object Class, November 30, 1976 



(In millions of dollars) 



Object class 



Gross obligations incurred 



Pgrsonal services and benefits 

Personnel compensation 

Personnel benefits 

Benefits for former personnel. 



Contractu al services and sutipHes 
Travel and transportation of persons. 

Transportat ion of things 

Rent, connminications, and utllltlea.. 

Printing and reproduction 

Other services 

Supplies and materials 



Acquisition of capital assets 

Equipment 

Lands and structures 

Investments and loans 



Grants and fiti-A charfes 

Grants, subsidies, and contributions. 

Insiirance claims and indemnities 

Interest and dividends 

Refunds 



Other 

Undistributed U.S. obligations. 
Obligations incurred abroad.... 
Unvouchered 



E,57« 
1,599 



279 

304 

616 

67 

8,2:>2 

5,215 



3,455 

849 

2,253 



13,623 

23,296 

*,985 

181 



492 

1,180 
14 



121 

354 

578 

79 

3,052 

2,038 



530 
31 
18 



4l5 
278 



Gross obligations incurred 1/. 



75 , 710 



8,574 



1,279 
1,599 


400 
657 

1,194 

146 

11,284 

7,253 


3,995 

880 

2,272 


13,644 

23,332 

6,620 

181 


907 

1,458 
'4 



Source; Reports on Obligations, Standard Form 225, from agencies. 

1/ For Federal Budget presentation a concept of "net obligations 

incurred" is generally used. This concept eliminates transactions 
within the Government and revenue and reimbursements from the public 
which by statute may be used by Qovemwart ogenclee without appro- 
priation action by the Congrese. Smnnary figures on this basis 
follow. fThls data is on the basis of Reports on Obligations 
received from the agencies prior to reports submitted for Budget 



presentation and therefore may differ somewhat from the Budget 
document.) 



Gross obligations incurred (as above) 

Deduct; 

Advances, reimbursements, other income, etc 
Offsetting receipts 



Net obligations incurred. 



Table FO-2. - Grau ObbgationB Incurred Outside the Federal Government by Major Function 

and M^or Object Class, November 30, 1976 



,006 



(In millions of dollars) 



Major function 



Major object class 



I^raonal 
acrvlcea 
and 
benefits 



Contractual 
services and 
supplies 



Acquisition of capital assets 



Equipment 



Lands and 
structures 



Investments 
and loans 



Grants 
and 
fixed 
charges 



National defense 

International affairs 

General science, space, and technology. 

Natural resources, environment, and 
ener^ 

Agriculture 

Commerce and transportation 

Community and regional developoent 

Education, manpower, and social service 

Health 

Income security 

Veterans ^^nefits and services 

Law enforcement and Justice 

General government 

General revenue sharing 

Interest 

Total 

« Less than $500,000. 



7,240 

86 

135 

474 
103 
530 
85 
118 
191 
454 
590 
201 
472 



10,641-' 



10,032 
192 
802 

1,207 
111 
332 

50 
164 
558 
477 
200 

88 
493 



14,713 



3,305 

2 

14 

43 

1 

49 



1 

32 

2 



381 

2 

15 

313 

3 

96 

10 



22 

3 
1 



21 

311 

4^6 

435 

2 

16 

6 

21 



30 

234 

26 

5 34 

274 

6S2 

773 

3,175 

4,233 

21,212 

2,308 

504 

as 



1,101 
77 



-1 

40 

460 

15 



14 
2 



22,088 

1,517 

993 

2,591 
843 
2,586 
1,368 
3,464 
5,001 

.22,149 
3,687 
801 
1,030 
2,840 
4.7?? 

75,710 



14 



Treasury Bulletin 



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XI 

q 41 

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16 



Treasury Bulletin 



.ACCOUNT OF THE U.S. TREASURY. 



Source and Availability of the Balance in the Account of the U.S. Treasury 



The working cash of the Treasury is held mainly in 
'Treasury's accounts with Federal Reserve banks and branches. 
As the balances in these accounts become depleted, they are 
restored by calling in (transferring) funds from the tax and 
loan accounts with thousands of commercial banks throughout 
the country. 

Deposits to tax and loan accounts occur in the normal 
course of business under a uniform procedure applicable to all 
banks uhereby customers of banks deposit with them tax pay- 
ments and purchase of Government securities. 
In most ca." ..., .a. ...action involves merely the transfer of 
money from a customer's account to the tax and loan account in 
the same bank. On occasions, to the extent authorized by the 



Treasury, banks are permitted to deposit in these accounts 
proceeds from subscriptions to public debt securities entered 
for theiP own account as well as for the account of their 
customers. 

The tax and loan account system permits the Treasury to 
leave funds in banks and in the communities in which they arise 
until such time as the Treasury needs the funds for its opera- 
tions. In this way the Treasury is able to neutralize the 
effect of its fluctuating operations on bank reserves and the 
economy . 

A detailed description of the Treasury's depositary system 
may be found in the Annual Report of the Secretary of the 
Treasury for 1973, pages 282-285. 



Table UST-1. - Status of the Account of the U.S. Treasury 













(In millions of dollars' 














Treasury operating balance 1/ 


Funds in process 
of collection 
through: 


Time deposits 
and other 
interest- 
bearing 
demand 
accounts 


Other 

demand 

accounts 

i/ 


Coin 
cxirrency 
and coinage 

metal 


Miscel- 
laneous 
items 


Gold 
balance 

2/ 




End of 


Available funds in 
demand accounts at: 


Total 
2/ 


Balance in 


fiscal year 
or nonth 


Federal 
Reserve 
banks 


Special 
depositaries. 
Treasury tax 
and loan 
accounts 


Other 
deposi- 
taries 2/ 


Federal 
Reserve 
banks 


Other 
deposi- 
taries V 


account of 
the U.S. 
Treasury 


1968 


1,074 
1,258 
1,005 
1,274 
2,344 
4,038 
2,919 
5,773 
11,975 
13,299 

6,746 
11,975 

8,741 
10,794 
13,299 
10,239 

6,766 
10,393 

11,397 

12,179 

7,149 

13,628 

5,836 


4,113 
4,525 
6,929 
7,372 
7,634 
8,433 
6,152 
1,475 
2,854 
4,119 

1,407 
2,854 

1,3U 
907 
4,119 
1,799 
1,891 
• 1,277 

1,292 

2,420 
1,874 
4,135 
1.156 


139 

106 

88 

343 

7 

7 
7 

- 


5,298 

5,894 

8,045 

8,755 

10,117 

12,576 

9,159 

7,591 

14,836 

17,418 

8,159 
14,836 

10,054 
11,702 
17,418 
12,038 
8,657 
11,670 

12,688 

14,599 

9,023 

T7 7AT 


352 
393 
355 

a9 

252 

243 
276 
369 
235 
184 

163 

235 

135 
US 

184 
168 
218 
70 

2U 
211 

205 
489 
153 


179 
117 
135 
76 
55 
-18 

56 
55 

-8 
.14, 
-18 
-18 
-36 
-34 
-18 
-15 
-97 

67 
-46 


ICC. 

lie 

218 
187 
54 
41 
19 
35 
70 
195 

40 
70 

74 
79 
90 
93 
92 
90 

89 
103 
126 
125 
125 


127 
127 
105 6/ 
1,188 y 
227 
727 

1,227 
227 
225 
325 
135 


768 
553 
277 
441 
471 
586 
602 
752 
819 
818 

852 

819 . 

787 
741 
818 
767 
784 
760 

796 
808 
746 
729 
716 


86 

104 

121 

108 

129 

70 

54 

46 

50 

46 

50 

-3 
-2 

-4 


111 

112 
111 
109 
107 
107 
106 

- 


6,694 
7,104 
9,016 
9,911 
11,310 

13,7a 

10,352 
6 868 


1969 


1Q7D 


1071 


1072 


1Q73 


1074 


: -75 


176 


16,065 
18,597 

9 316 


;.a 


1976- Ifey 


June 


16,065 

11,167 
12 751 


July 


Aug 






Oct 


U,237 

9,<M4 

13,288 

15 002 


Nov 


Dec 


1977-Jao 


Feb 


15,937 
10,229 
19,499 


Mar 


Apr 


My 













Sour---'?: Bureau oC Goverraaent Financial Operations. 

i/ Effective January 1972, the Treasury operating balance excludes the 

gold balance in Treasury. 5/ 

2/ Represents deposits in ccrtalr raries that have been 

converted fros a tine deposit : •- basis to penult fi/ 

greater flexibility in Treasur^ .--i.i. 

2/ Will not agree with Dally Tren -nt due to rounding. 2/ 

i/ Repre;»ontg f^mds !n proroeg oi' hy (a) the U.S. Treasury 

■i: " - " ' » ■ iuthorized to defer credit • 



until checks are collected. Data prior to January 1972 Included In 
"miscellaneous items" colucm. 

Represents demand deposits in National, Foreign, and other bank deposi- 
taries previously Included in time deposits. 

Includes monetary assets In transit between Federal Reserve banks and 
other depositaries. 

The free gold balance can be readily converted to available funds with 
Federal Reserve banks. 
Less than $500, CXX), 



June 19^7 



17 



.ACCOUNT OF THE U.S. TREASURY 



Table UST-2. - Analysis of Changes in Tax and Loan Account Balances 



i In millions of dollars! 





rredits 


With- 
drawals 


Balance 




proceeds from sales of securities 1. 


Taxe: 


Total 
credits 


End of 
period 


IXjring period 


Fiscal .year 
or month 


Savings 
bonds 
and 

savings 
notes 2/ 


Retire- 
ment 
plan and 
tax and 
loss 
bonds 2/ 


Tax 

antici- 
pation 
securities 


Other 


Withlield, 
excise 
and cor- 
poration ^ 


Income (by 
special 
arrange- 
ment) 5, 


High 


Low 


Average 


1968 


2,t73 
2 , 59^ 
2,573 
2,844 
3,309 
3,261 
3,095 
3,36*. 
3.676 

•no 

361 

33b 
299 

315 
318 
277 
280 
283 
309 

''5^ 
341 
369 
351 
34^' 


9 

Q 


9,538 
10,408 
13,043 
6,954 
6.443 
4,413 
8,255 
1,'14 


9,576 
5,417 
3,640 
12,421 
9,369 
6,158 
817 
1.333 


90,791 
123,906 
132,460 
131,121 
145,797 
171,828 
197,091 
218,149 
225,201 

58,457 

22,239 

17,860 
26,543 

17,613 
18,474 
22,370 
17,032 
17,730 
24,300 

18,583 
18,532 
26,722 
25,905 
20,583 


- 


112,533 
142,333 
151,721 
153,346 
164,920 
r:'5,6b9 
:'UC).267 
224,412 
228.877 

22,000 

18,196 
26,842 

17,928 
18,792 
22,647 
17,312 
18,013 
24,609 

18,938 
18,873 
27,091 
26,256 
20,928 


112,741 
141,921 
149,317 
152,900 
164,645 
184,874 
211,545 
229,090 
227,494 
58.10'. 

23,410 

18,518 
25,387 

19,472 
19,190 
19,443 
19,625 
17,932 
25,218 

18,924 
17,740 
27,637 
23,995 
23,914 


4,113 
4,525 
6,929 
7,372 
7,634 
8,433 
6,152 
1,473 
2,856 
4,118 

368 

1,401 
2,856 

1,312 
914 
4,118 
1,805 
1,886 
1,277 

1,291 
2,424 
1,878 
4,139 

1,153 


8,004 
9 , 720 
7,990 
8.532 
10.251 
10,854 
9.340 
7,249 
4,260 
4,45b 

3,233 

2^789 
4,260 

2,519 
2,912 
4,456 
2,319 

2,627 
4,229 

2,891 
3,023 

5,860 
6,286 

4,771 


1,029 
709 
894 
846 

1,737 
800 
520 

67 

287 

457 

693 
351 

290 
287 

341 
610 
300 
335 

30'- 
371 
300 
198 

^19 


4,191 
4,329 
4,022 
5,146 
5,648 
5,644 
3,913 
1,853 
1,394 
1,578 

1,410 

1,501 
1,793 

1,200 
1,469 
^,066 
1,519 
1,534 


1969 


1970 


1971 .•.. . 


1972 


1973 


1974 


1975 


1976 


T.Q 


1976- Mar 

197f^May 


July 

Aug 

Sept 

Oct 

Nov 




1977-Jan 


1,402 
1,406 
1,475 
1,940 


Feb 


Mar 


Apr 

May 







Source: Office of Plecai AaeiGtant Secretary; figures are on basis of 
telegraphic reporta . 

1/ Special depositaries are permitted to maite paorment in the form of a 
deposit credit for the purchase price of U.S. Government securities 
purchased by them for their cm account, or for the account of their 
customers who enter subscriptions through them, when this method of 
payment is permitted under the terms of the circulars inviting sub- 
scriptions to the ieeuee . 

2/ United States savings notes first offered for sale as of May 1, 1967 
and were discontinued after June 30, 1970. 

2/ Retirenjent plan bonds first offered for sale as of January 1, 1963; 
tax and loss bonds flret iesyed in March 1968. 

^ Taxes eligible for cwdlt confllet of those deposited by taxpayers in 



y 



w 



the depositary banks, as follows: Withheld income taxes beginning 
March 19^8; taxes on eraplpyers and employees under the Federal Insur- 
ance Contributions Act beginning January 1950, and under the Railroad 
Retirement Tax Act beginning July 1951; a number of excise taxes 
beginning July 1953; estimated corporation income taxes beginning 
April 1967; all corporation incotne taxes due on or after March 15, 1968 
and FUTA taxes beginning April 1970. 

Under a special procedure begun in March 1951, authorization was given 
during certain periods for income tax payments, or a portion of them 
made by checks of JlOjOOO or more drawn on a special depositary bank, 
to be credited to the tax and loan account in that bank. This proce- 
dure was discontinued in April 1967. 
Credits erroneously allowed in one Federal Reserve district. 



18 



Treasury Bulletin 



ACCOUNT OF THE VS. TREASURY. 



Table UST-3. - Gold AsBets and Liabilities of the Treasury 



(In millions of dollars except ounces) 



End of calendar year or oonth 


^old assets 1.' 


Gold liabilities i/' 


Balance of gold In 
U.S. Treasury account 




Ounces 


CollarE 




19f7 


342,331,278.6 
296,199,012.3 
296,202.404.6 

274,cV'J^lb7.S 
276. 112, 6?'. 9 

275,430,016.9 


11,982 
10,367 
10,367 
10,732 
10.132 

io,ao 2/ 

11,567 i/ 
11,652 

U,599 
11,598 
11,598 

11,598 
11,598 
11,598 
11,598 
11,598 
11,598 

11,658 
11,650 
11,636 
11,636 
11,629 


10,256 
10, 256 
10,623 
10,019 
10,303 
11,460 
11,652 

11,599 
11,598 
11,598 

11,598 
11,598 
11,598 
11,598 
11,598 
11,598 

11,658 
11,650 
11,636 
11,636 
11,629 


U2 
111 
112 
109 
113 
107 
107 




1963 




1969 




1970 




1Q71 




1972 




1973 




1974 




1975 




1976-May 




July 

Aug 

Sept 

Oct 

Nov 

Dec 

1977Jan 

Feb 




Mar 




Apr 

May 





Source: Daily Treasury StatenKnt through June 1974; Bureau of Gcvemnent 
Financial Operations thereafter. 

1/ Treasury gold stock which excludes gold held by the Exchange Stabili- 
zation Fund (ESF). See "International Financial Statistics," Table 
IFS-1. 

2/ Consists of: fold certificates {Series 1934) Issued only to Federal 
Reser/e banks; gold certificates fund-Federal Reserve System; gold 
deposited by and held for the International \tonetar^' Fund from Sep- 
tember 19, 1955, through Februa^f 15, 1972; redemption fund for Fed- 
eral Reserve notes until March 18, 1968, when it was combined with the 
gold certificate fund pursuant to P.L. 90-269, approved March 18, 



1965, and gold reserve against U.S. notes until March 18, 1968, when 
it was transferred to the public debt also pursuant to P.L. 90-269. 
2/ Gold assets were valued at $35 per fine troy ounce until May 8, 1972, 
when they were revalued at $33 pursuant to the Par Value Modification 
Act, P.L. 92-268, approved March 31, 1972. The Increment amounted to 
$322 million. Gold assets were valued at $38 per fine troy ounce un- 
til October 18, 1973, when they were revalued at $A2,22 pursuant to 
the amending of Section 2 of the Par Value l*xiification Act, P.L. 
93-110, approved September 21, 1973. The increment amounted to 
$1,157 million. 



June 19'' 7 



.MONETARY STATISTICS. 



19 



Table MS-1. - Currency and Coin in Circulation 



■In millionE of dollars except per capita fig'jres) 



fiscal year 
or month 



(!~urrencie£ no longer issued 



Federal 
Reserve 

bari 
notes 



National 

banj< 

notes 



Gold 

certifi- 
cates 2/' 



Silver 
certif i 
cates 



Federal 
Reserve 
notes V 



Treasury 
notes of 

1800 



Currencies presently 
being issued \j' 



United 

States 
notes 



Federal 

Reserve 
notes 4/' 



Total 
currencies 



1968 
1969 
1970 
1971 
1972, 
1973, 
1974 
1975, 
1976, 
T.Q.. 



1976^pr.. 
Ifey.. 
June. 

July. 
Aug.. 
Sept. 
Oct.. 
Nov. . 
Dec. 

1977^an.. 
Feb.. 
Mar.. 

Apr. , 



59 
57 
55 
54 
53 
52 
51 
50 
50 



40 

49 
49 



21 
20 
20 
20 
20 
20 
20 
20 
20 
20 



20 
20 
20 

20 
20 
20 



225 
223 

220 
218 
215 
213 
212 
211 
210 
209 



210 

210 
210 

209 
200 
209 
209 
209 
20Q 



209 
209 



299 
294 
297 
321 
320 
320 
321 
322 
322 
322 



322 
322 

322 
322 
322 
322 

322 
320 

320 
319 
319 
319 



41,722 
44,547 
47,626 
51,304 
54,572 
59,664 
65,185 
72,093 
79,028 
79,50" 



76,758 
77,882 
79,028 

79,069 
79,571 
79,597 
80,313 
82,954 
83,631 

81,093 
81,612 
83,236 
-3,745 



42,331 
45,146 
48,223 
51,922 
55,184 
60,273 
65,793 
72,700 
79,634 
80.201 



77,364 
78,487 
79,634 

79,673 
80,175 
80,201 
80,916 
83,557 
84,234 

81,695 
82,213 
83,836 
84,345 







Coin 




Total Currency 
and Coin in 
circula- 
tion 5,,' 


Currency and Coin in 


fiscal year 
or month 


lollars 


Fractional 
coin 


Total 


circulation 

per capita 

; in dollars ) 6^' 




48^ 




5,309 


47,640 




1968 


4,827 


224.55 


1969 


482 
482 
482 


5,308 
5,646 
5,990 


5,790 
6,128 
6,472 


50,936 
54,351 - 
58.393 


250.65 


1970 


265.39 


1971 


282.03 


1972 


633 


6,383 


7,016 


62,201 


297.84 


1973 


705 


6,793 


7,498 


67,771 


322.11 


1974 


765 


7,275 


8,040 


73,833 


348.44 


1975 


816 


7,681 


8,496 


81,196 


380.06 


1976 


941 

951 


8,303 
8,397 


9,244 

9,348 


88,877 
89,548 


413.17 


T.5 


415.37 




930 
935 
941 

044 
048 
951 
955 
959 
966 

970 
972 

973 .■■; 

083 


8,187 
8,235 
8,303 

8,331 
8,372 
8,397 
8,422 
8,487 
8,518 

8,500 
8,512 
8,574 
8,632 


9,118 
9,170 
9,244 

9,275 
9,320 
9,348 
9,377 
9,446 
9,483 

9,470 
9,484 
9,547 
9,615 


86,481 
87,657 
88,877 

88,948 
89,494 
89,548 
90,293 
93,003 
93,717 . 

91,164 
91,697 
93,38 3 
93,960 7/ 


402. 50r 


May 


.'0/ . 72 




413.17 


July 


413.19 




415.40 




415.34 


Oct 


418.52 


Nov 


430.83 


Dec 


433. 84r 


1977^an. 


421. 82r 


Feb 


424. 06r 


Mar 


431. 58r 


Apr 


433.09 



Source: Statement of United States Currency and Coin. 

1/ Excludes gold certificates, Series of 1934, which are issued only to 

Federal Reserve banits and do not appear in circulation. 
2/ Issued prior to January 30, 193A. 
2/ Issued prior to July 1, 1929. 
^ Issued on and after July 1, 1929, 



""£^^xclude£~Curre"iicy and Coin held by the Treasury and Currency and Coin 
held by or for the account of the Federal Reserve banks and agents. 
6/ Based on the Bureau of the Census estimated population. 
7/ Highest amount to date. 
- Less than $500,000. r Revised. 



20 



Treasury Bulletin 



.FEDERAL DEBT. 



Table FD-1. - Summary of Federal Debt 



(In millions of dollnri: 





Ai:., 


""■ ■- ■"--' 








^ucurilles 


held by; 






End of 

f local year 


Total i/ 


Public 

debt 
securi- 
ties i/ 


Agency 
securi- 
ties 


i;:v^'mroent accounts 


The public 2/ 


or month 


;^lal 


socirt- 
tles 


Agency 
securi- 
ties 


Total 


F-^tl lo 
debt 
securi- 
tleo 


Agency 
securi- 
ties 


1968 


f-".144 
182,603 
409,467 
437,329 
468,426 
486,247 
544,131 
631,285 
645,748 

611,451 

612,e97r 

621,533 
631,285 

r ^'"^,260 
*■-...:, "?'^.. 

*^4^,-' "■ 
656,'-^^ 
ttV.,794 

664,852 
674,280 
680,141 

681, =05 


345,369 
352,895 
370,094 
397,305 
426,435 
457,317 
474,235 
533,188 
620,432 
634,701 

600,490 

601,973 
610,672 
620,432 

624,546 
C"3,~?" 

t,ii',-.- 
■ - . ■ 


24,399 
14,249 
12,510 
12,163 
10,894 
11,109 
12,012 
10,943 
10,853 
11,047 

10,961 

10,924r 

10,861 

10,853 

10,714 
11,066 
11,047 
11,673 

11,643 


79,140 
87,661 
97,723 
105,140 
113,559 
125,381 
140,194 
147,22? 
151,566 
148,052 

141,026 

141,080 
145,660 
151,566 

149,576 
149,977 
148,052 
146,563 
146,831 
149,037 

145,937 
146,247 
146,758 
147, --16 


76,138 

84,815 

95,170 

102,888 

ni.//-.p 

149^011 
146,10? 

139,067 

139,122 
143,704 
149,611 

147,626 
148,028 
146,105 
144,617 
144,891 
147,098 

144,131 
U4,437 
144,949 

145,503 


3,001 
2,846 

•--!•■" 1 

1. •■'■' 

1,947 

1,959 

1,958 
1,956 
1,955 

1,950 
1,949 
1,947 
1,946 
1,940 
1,938 

1,806 
1,810 
1,809 

1,812 


290,629 
279,483 
284,880 
304,328 
323,770 
343,045 
346,053 
396,906 
479,719 
497,696 

470,425 

471,817r' 

475,872 

479,719 

485,683 

494, a7 
497,696 
502,713 
509,451 
515,757 

518, 9U 
528,033 
533,383 
534,590 


269,231 
268,080 
274,924 
294,417 
314,976 
333,932 
336,(B9 
387,905 
470,821 
488,596 

461,423 

462,851 
466,968 
470,821 

476,920 
485,300 
488,596 
492,986 
499,748 
506,445 

509,775 
518,911 
524,258 
525,519 


21,398 


1969 


11,403 


1970 


9,956 


1971 


9,911 


1972 


8,794 


1973 


9,113 


1974 


10,024 


1975 


9,001 


1976 


8,898 


T.Q 


9,100 


l976.!.!or 


9,002 
8,966r 


1976-Apr 


y£y.. ■■■■■■.■■.■■■■ 


8,904 
8,898 




July 


8,764 




9,117 




9,100 




9,726 


Nov 


9,703 


Dec 






9,139 
9,122 
9,124 


Feb 




Q 071 


Acr 









Source: Monthly Treasury Statement of Receipts and Outlays of the United 

States Govemsen'.. 
^ Amounts of -^ - i ties outstanding have been adjusted to 



exclude issues to IMF and other Interaatlonal lending Institutlona to 
conform with the budget presentation and the source for this table. 
2/ Includes holdings of Federal Reserve Banks, r Revised. 



Table FD-2. - Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt 



End of 
fiscal year 
or month 



Total 
interest- 
bearing 
public 
debt 1/ 



Computed 
annual 
interest 
charge 2/ 



(Dollar amount In millions' 

':^omputed annual interest rate" 



Total 
interest- 
bearing 
public 
debt 1/ 



Me issues 



jTU- 



Treasury j/ 



Federal 
Financing 

Bani: 



Certifi- 
cates 



Treasury 
bonds 



NoniBarket&Me 



Other i/ 



>_,jvernment 
account 
series ?/ 



196S 

1^9 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

T.Q 

1976- Mar. . 

1976-MBy. 
June 

July 
Aug. 
Sept 
Oct. 
Nov. 
Dec. 

1977-Jan. 
Feb. 
Mar. 
Apr. 
May. 



344,401 
351,729 
369,026 
396,289 
425, VO 
4«f>3'-3 
4"J,:!3- 
532,122 
619,254 
633,560 

59<1,224 

6o;-,cr,'7 

619,254 

623,580 
632,291 
633,560 
635,062 
643,643 
652,457 

652,980 
662,320 
668,216 
668,509 
670,958 



15,404 
17,087 
20,339 
20,254 
21,545 
26,591 
30,741 
33,509 
39,494 
40,683 

38,01P 

:'.-,':'0i 

39,494 

39,828 
40,578 
40,683 
40,730 
41,212 
40,84? 
40,687 
41,201 
a, 829 
41,824 
41, "90 



4.499 
4.891 
5.557 

093 
872 
560 
352 
436 
478 



6.41- 



6.43f 

6.445 
6.474 
6.478 
6.469 
6.457 

6.n? 

r. ."''1 

6.;t^' 
6.308 
6.304 
6.305 



4.757 
5.232 
5.986 

5:099 

6.129 
7.030 

'■.533 
,- ^ <-,^.) 



6.555 
6.589 

6. '91 



6.322 
6.315 
6.312 



5.711 
6.508 
7.340 
4.516 
4.188 
6.591 
8.416 
6.253 
5.819 
5.784 

?.Q3'= 

'J.7% 
?.?19 

5.770 
5.754 
5.784 

5. ■'24 
5.629 
5.387 

5.276 
5.211 
5.167 
5.132 
5.U1 



'■.294 

5. 66? 
6.420 

e.5i9 

6. 312 
6.412 
6.529 
7.058 
7.352 
7.356 

".323 



".35C 
7.387 



-. 326 
7.279 

7.265 
".211 
7.196 
7.193 
7.150 



3.681 
3.722 
3.762 
3.759 
4.018 
4.393 
4.755 
5.339 
5.654 
5.8U 

5.586 



5.649 

5.654 

5.677 
5.7^ 
5.811 
5.814 



867 
872 



5.877 
5.930 
5.935 
5.938 

6.020 



3.876 
3.979 
4.327 
4.608 
4.636 
5.138 
5.374 
5.387 
5.452 
5.487 

5.126 



5.444 
5.452 

5.472 
5.459 
5.487 
5.554 
5.679 
5.551 

5.548 
5.552 
5.581 
5.579 
5.573 



4.133 
'4.555 
5.235 
5.375 
5.475 
5.880 
6.430 
6.614 
6.789 
6.871 

6.708 



6.700 
6.789 

6.8a 
6.880 
6.871 
6.858 
6.832 
6.565 

6.564 
6.618 
6.856 
6.859 
6.865 



Source; Bureau of Oovemment Financial Operations, 

note: The cooputed annual interest charge represents theanount of Interest 

that would be paid If each interest-bearing Issue outstanding at the i/ 

end of each aonth ,^r year should recoin outstanding for a year at the 2/ 

applicable annual rate of interest. The charge is coni33Uted for each ^ 

ip-rje b;/ applying the appropriate annual Interest rate to the amount 

outstanding on that date (the amount actually borrowed in the case of ^ 

securities sold at a premium or discount, beginning with May 1960). 

The aggregate charpo for all interest-bearing Issues constitutes the ^ 

total computed annual interest charge. The average annual rate is computed 

by dividing the computed annual Interest charge for the total, or for 

any group of Issues, by the corresponding principal amount. 

Beginning with data for December 31, 1958, the computation is based on 



the rate of effective yield for iss'aes sold at premlulli or discount. 
Prior to that date It was base« on the ocrjppn rate for all Issues. 
As of July 1974, includes Federal Flanciog BaoX. 
Excludes Federal Financing Bank. 
.Included In debt outstanding at face attvant, but discount value Is 
used in computing annual interest charge and annual interest rate. 
On United States savings bonds the rate to maturity is applied 
against the amount outstanding. 

As of July 31, 1974, Monthly Statement of the Public Debt of the U.S. 
the column heading was changed to "Govemnent account aeries" which 
Includes Treasury deposit funds in addition to those accounts pre- 
viously shown as special Issues. 



June 1977 



.FEDERAL DEBT, 



21 



Table FD-3. - Interest-Bearing Public Debt 



End of 
fiscal y^er 
or month 



1968 

1969 

1970 

\<ri 

1972 

vnj 

1711. 

1975 

171b 

T.Q. 



177h-ykT. . 

ITTS-May.. 

June. 



July 

Aug 

Sept 

Oct 

Nov 

Dec 



I<r77-Jan. 
Feb. 
Mar. 
Apr. 
May.. 



TM,al 
interest- 
bearing: 
public 
debt 



3U,401 
351,729 
369,026 
396,289 
425,360 
456,353 
473,238 
532,122 
619,254 
633,560 

599,224 

608,077 
619,254 

623,580 
632,291 
633,560 
615,062 
643,643 
652,457 

652,980 
662,320 
666,216 
668,509 
670,958 



(In millions of dollars) 



2;'t.,592 
226,107 
232,599 
245,473 
257,202 
262,971 
266,575 
315,606 
392,581 
407,663 

385,296 
388,021 
392,581 

3'77,719 
404,314 
407,663 
408,590 
a5,399 
421,276 

423,995 
431,607 
435,379 
434,065 
431,447 



Pills 
1/ 



r4,440 

68,356 

76,154 

86,677 

94,648 

100,061 

105,019 

128,569 

161,198 

161,505 

163,140 
161,840 
161,198 

161,399 

161,433 
161,505 
161,545 
161,711 
163,992 

164,005 
164,175 
164,264 
161,977 
157,931 



Certifi- 
cates 



Treasury/ 
notes 



71,073 
78,946 
93,489 
104,8(T7 
113,419 
117,840 
128,419 
150,257 
191,758 
206,319 

183,143 
186,473 
191,758 

197,204 
202,979 
206,319 
207,27'i 
212,986 
216,669 

219,474 
225,856 
229,625 
230,655 
230,230 



Treasury 
bonds 



91,079 
78,805 
62,956 
53,989 
49,135 
45,071 
33,137 
36,779 
39,626 
39,839 

39,014 
39,708 
39,626 

39,115 
39,902 
39,839 
39,769 
40,702 
40,615 

40,516 
a, 576 
a, 490 
41,433 
43,2Sh 



Nonjnarketable 



117,808 
125,623 
136,426 
150,816 
168,158 
193,382 
206,663 
216,516 
226,673 
225,897 

213,928 

220,056 
226,673 

225,861 
227,777 
225,897 
226,472 
228,243 
231,181 

228,985 
230,714 
232,837 
234,444 
239,511 



sav ini'E 
bonds 



51,712 
51,711 
51,281 
53,003 
55,921 
59,418 
61,921 
65,482 
69,733 
70,752 

68,567 

69,394 
69,733 

70,428 
71,079 
70,752 
71,113 
71,506 
71,853 

72,234 
72,640 
73,037 
73,457 
73,908 



Invest- 
ment 
series 



2,^lt- 
2,459 
2,387 
2,347 
2,310 
2,275 
2,271 
2,267 
2,263 
2.262 

2,264 

2,263 
2,263 

2,262 
2,262 
2,262 
2,262 
2,262 
2,262 

2,262 
2,262 
2,248 
2,248 
2,24H 



Depos- 
itary 
series 



28 

23 
22 
19 
16 
16 
9 



Foreif^ government 
series 



Dollar 
denomi- 
nated 2/ 



2,001 

1,703 

3,389 

7,606 

16,913 

26,781 

23,412 

21,617 

19,901 

10,21'. 

20,070 

19,916 
19,901 

19,758 
19,368 
19,215 
20,691 
20,908 
20,751 

20,of'l 
20,575 
20,617 
20,469 
20,423 



Fore ign 
currency 
denomi- 
nated 3/ 



1,740 
2,367 
1,366 
1,664 
2,072 
1,743 
1,599 
1,599 
1,599 
1,'99 

1,599 

1,^''39 
1,599 

1,599 
1,599 
1,599 
1,599 
1,579 
1 , ''46 

1,520 
1,494 
1,461 
1,434 
1,408 



>vovem- 
ment 
accc'unt 
series 



59,520 

66,790 

76,323 

82,784 

89,598 

101,738 

115,442 

124,173 

130,557 

128,640 

119,418 

l."'/,,'70 
HO, '.'-7 

128,912 
130,591 
128,640 
127,162 
127,405 
129,744 
12':.,cl0 
127,770 
128,192 
128,992 
113,029 



282 
564 
1,656 
3,389 
1,322 
1,407 
2,002 
1,361 
2,611 
3,419 

1,980 

2,305 

2,511 

2,893 
3,069 

3,419 
3,635 
4,573 
5,014 

5,461 
5,965 

7,272 
7,835 
8,487 



Source: Monthly Etatement of the Public Debt of the United States. 

i/ As of July 1974, Includes Federal Financing Bani. 
-^ Conslffts of certificates of indebtedness. Treasury notes beginning 
January 1963, Treasury bonds beginning September 1964, and Treasury 
bills beginning March 1975, sold to foreign goverament for U^. dollars. 

i/ Conalffts of the dollar equivalent of Treasury certificates of 
Indebtednese ; Treasury bonds from October 1962- April 1967; and 



Treasury notes beginning November 1966 issued and payable in designated 
foreign currencies. 

A/ As of the July 31, 1974, Monthly Statement of the Public Debt of the 
U.S. the column heading was changed to "Government account series" 
which Includes Treasury deposit funds in addition to those accounts 
previously shown as special isaues, formerly included in "Other" coli^mn. 

• Less than $500, COO. 



Table FD-4. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt 



End of 
fiscal yBar 



ArDunt 
outstanding 
privately 
held 



(In millions of d f' .'_ars) 



Maturity classes 



Within 
1 year 



1-5 
years 



5-10 
years 



10 -2C 
years 



20 


years 


and 


over 


12 


,670 


12 


.137 


a 


272 


7 


645 


6 


922 


4 


564 


3 


481 


4 


611 


6 


,652 



Average length 1/ 



1968 

1969 

1?70 

1971 

1972 

1973 

1974 

1975 

1976 

T.Q 

177e»Vhr.. 

1776-»pr. 
Iiby. 

June 
July 
Aug. 
Sept, 

Oct., 
Nov., 
Dec. , 

1777-Jan, 
Feb. 
Ifar. 
Apr*- 



159, 
156, 
157, 
161, 
165, 
167, 
164, 
210, 
279, 
294, 



671 
008 
910 
863 
978 
869 
862 
382 
782 
595 



276,434 

275 , 520 
278,929 
279,782 

289,04,4 
293,627 
294,595 
296,211 
307,309 
307,820 

313,497 
319,982 
323,604 
318,699 



66,746 
69,311 
76, U3 
74,803 
79,509 

84, oa 

87,150 
115,677 
150,296 
153,302 

154,258 

153,4^1 
153,464 
150,294 
156,595 
153,304 
153,302 
155,179 
158,422 
157,453 

162,633 
165,942 
166,427 
162,419 



52,295 
50,182 
57,035 
58,557 
57,157 
54,139 
50,103 
65,852 
90,578 
94,845 

86,214 

86,198 
86,242 
90,578 
91,042 
93,396 
94,845 
91,795 
101,684 
103,742 

101,626 
106,685 
109,983 
106,929 



21,850 
18,078 
8,286 
14,503 
16,033 
16,385 
14,197 
15,185 
24,169 
31,. '47 

21,538 

21,597 
24,336 
24,169 

26,694 
31,523 
31,247 
33,922 
11,349 
31,017 

33,688 
31,204 
31,155 
33,459 



6,110 
6,(397 
7,876 
6,357 
6,358 
8,741 
9,930 
8,857 
8,087 
7,919 

8,350 

8,242 
8,172 
8,087 

8,059 
7,986 
7,939 
7,897 
7,511 
7,399 

7,342 
7,291 
7,336 
7,172 



5,074 

5,042 

6,715 
6,654 
5,654 
7,418 
7,262 
7,410 

e;i4^ 

8,20Q 

8,208 
8,860 
8,803 

8,709 



4 ;/rs. 


5 raos. 


4 yrs. 


2 mos. 


3 yrs. 


8 mos. 


3 yrs. 


6 mos. 


3 yrs. 


3 mos. 


3 yr3. 


1 mos. 


2 yrs. 


11 mos. 


2 yrs. 


8 mos. 


2 yrs. 


7 mos. 


2 :.TS, 


9 mos. 


2 yrs. 


5 raos. 


2 yrs. 


5 mos. 


2 yrs. 


7 mos. 


2 yrs. 


7 mos. 


2 yrs. 


6 mos. 


2 yrs. 


10 mos. 


2 yrs. 


9 raos. 


2 yrs. 


9 mos. 
10 mos. 


2 yrs. 


2 yrs. 


9 mos. 


2 yrs. 


9 mos. 


2 yrs. 


9 mos. 


2 yrs. 


9 raos. 


2 yrs. 


^ mos. 



Soiirce: Office of GovemineTit Financing In the Office of the Secretary. 
1/ Beglimlng with the September 1976 Treasury Bulletin the average length 



of the Interest-bearing marketable public debt is computed on that 
part of the outstanding public debt privately held. 



22 



Treasury Bulletin 



.FEDERAL DEBT. 



Table FD-5. - Government Account Series 











(In millions of dollar.^!; 












End of 
fiscal year 
or month 


Totol 


Airport nnd 
Alnwuy 
trust fund 


Exchange 

Stnblllzatlon 

Fund 


Federal 
Deposit 
Insurance 
Corporation 


Federal 
employees 
retirement 
funds 


Federal 
disability 
insurance 
trust fund 


Federal 

Energy 

Administration 


Federal Home 
Loan Banks 


Federal 
hospital 
insurance 
trust fund 


Federal 
old-age and 
survivors 
insurance 
trust fund 


lot.? 


82, 7S.'. 

ioi',":-s 

115,442 
124,17) 
130,557 
128,640 
119,438 

ij4,5t;- 
130,557 

128,912 
130,591 
128,640 
127,162 
127,405 
129,744 

126,810 
127,770 
128,192 

12?, 992 

: .• :■■ , o?<-' 


878 
1,936 
2,529 
2,712 

2,338 

2,400 
2,529 

2,588 
2,649 
2,712 
2,779 
2,850 
2,966 

3,005 
3,06? 
3,12'. 
3,176 
3,235 


722 

1,242 
1,424 
2,934 
2,364 
1,451 
1,512 
1,529 
1,501 

1 ,•;.■■/ 
1,512 

1,518 
1,522 
1,529 
1,534 
1,601 
2,050 

2,049 

l.OOT 

1,97? 
2,130 
2,059 


174 

120 

74 

156 

274 

263 

436 

1,367 

2,692 

3,429 

2,352 

Z,c9i 

2,770 
3,562 
3,429 
3,453 
3,658 
3,55° 

3,657 

■■,15' 
.-.,171 
4,189 
4,327 


15,668 
17,354 
18,931 
21,644 
24,691 
27,894 
31,201 
35,525 
40,383 
39,':. - 

34, • 

39!<;.' 
39,27? 

38,'- 


1,891 
3,042 
4,435 
5,713 
6,697 
7,488 

■.■]■-. 
' ,] .- 

^,510 

c.,1 ..-' 
5,41c 

5,254 

5, CI - 
4 , -IC' 
..,.r'.':'l 


1,712 

1,704 

1,715 
1,712 

1,738 


1'2 
b2 


i,?;q 

2^834 
4,172 
7,814 
9,711 
10,892 

10,429 
10,892 

10,656 
10,643 
10,959 
10,566 
10,276 
10,641 

10,378 
10,370 
11,216 

11,035 

11,135 


19,221 


106° 


21,986 


1070 


25,939 


1971 


27,248 


1972 


29,126 


1971 


31,424 


1074 


33,640 


1075 


35,815 


1976 


33,891 


T.5 


32,978 


1076-Mttr 


32,232 


lo76.May 

June 

July 

Aug 

Sept 

Oct 

Nov 

Dec 

1977^an 

Feb 


34,800 
33,891 

32,639 
33,988 
32,978 
31,184 
31,014 
31,270 

30,145 
30,180 
30,430 
31,271 
32,963 




Apr 





End of 
fiscal year 
or inonth 



Federal Supp. 
medical ins, 
trust fund 



Federal Sav- 
ings and Loan 
Insurance 
Corporation 



Govemment 
life insur- 
ance fund 



Highway 
trust fund 



National 
service life 
insurance 
fund 



Postal 
service fxmd 



Railroad 

retirement 

accounts 



Treasury 

deposit 

funds 



Unemployment 
trust fund 



Other 
1/ 



196^. 

1970. 
1971. 
1972. 
1973. 
1974. 
1975. 
1976. 
T.Q.. 



1976-May. . 
June. 

July. 
Au«.. 
Sept. 
Oct.. 
Nov.. 
Dec.. 

1977^an. . 
Feb. , 
Uar.. 
Apr.. 
May.. 



257 
47? 



378 
230 
244 



1,290 
1,230 

1,32^ 
1,424 
1,244 
1,324 
1,397 
1,848 

1,854 

1,957 
: ,X6 
p.n]7 



7' 

80 

89 

139 

81 

129 

907 

1,593 

i,es5 
i,4<:'i 

1,571 
1,593 

1,635 
1,873 
1,885 
1,898 
2,009 
2,039 

2,076 
2,184 
2,201 
2,219 

.'.J. 1 



5bC 
56? 



558 

553 
547 
529 

526 



Q7? 
1,513 
2,602 
3,635 
4,456 
5,550 
7,599 
f-',5-'6 
Q,0-:0 
6,952 



?.a51 

-■,!3-0 

-,J65 
3 , 344 
3,952 
?,824 
8,731 
?,?S5 

n.055 
9,207 
9,380 
9,510 



5,856 
5,754 
5,915 
6,:jck= 
6,1.5 
6,4;7 
6,&.5 
6,716 
e.O'l 
6.956 



6,747 
6,931 

6,943 
6,956 

6,956 
6,963 
6,968 

7,162 

■J,2r- 
7,213 
7,190 
7,043 



771 
2,288 
2,118 
2. 206 

2,0fc-: 
1,906 
2,190 
2,259 

1.76"; 



3,303 
3,434 
3,751 
3,852 
3,742 
3,766 
3,706 
3,466 
3,375 
2,715 

2,362 

2,074 
3,375 

3,081 
3,044 
2,715 
2,522 
2,743 
2,682 

2,469 
2,4cO 
2,325 
2,022 



83o 
700 
780 



eo? 

?05 
760 
787 
739 
816 

783 

715 
72 o 
718 



10,520 
8,514 
7,186 
8,330 
9,495 
4,557 
2,203 
2,345 

530 

3,231 
2,203 

1,948 
3,011 
2,345 
2,313 
2,878 
2,171 

1,245 

1,438 

771 

1,231 



^02 

414 

484 

585 

655 

1,199 

2,127 

2,470 

4,332 

5,076 

3,992 

4,276 
4,332 

4,608 
5,108 
5,076 
5,134 
5,382 
5,283 

5,143 
5,682 
5,691 
5,754 



=»L 



Source: Monthly Statement of the Public r-.-l.t S thr- Vnlte^ Ttito;;. 

Kote: Prior to July 1974 title of this r 
Isaues", 

i/ Consists of CovenuDent National Moi--.^. .^ ......;, . „.. .',33 

Investraent account; National Credit Union Insurance fund; Federal 
Housing Administration fund; enployees llfp inmirance fund; veterans 
special life ins\irance fund; veterans r-' fimd; 

servicemen's group life insurance fund nuary 

1973; employees health benefits fund b€■^ "J; Export- 

Import Banlc of the United States from Februari* iTCV-^-it-ber 1968; 
General Services Administration participation certificates trust; 
and Washington Metropolitan Area Transit Authority from November 
1<=>72-March 1973; Indian tribal funds and individual Indian raoney for 
August I97i; Pension Benefit Guaranty Corporation beginning Nov- 
ember 197^; Bonneville Power Administration and Library of Congress 
trust fund beginning January 1975; Tax Court Judges survivors annu- 
ity fund and Overseas Private Investment Corporation beginning 



February 1975. Federal ship financing escrow fishing fund. Federal 
ship financing fund fishing vessels (NOAA) , Federal ship financing 
revolving fund, gifts and bequests (CoosDerce), Judicial survivors 
annuity fund, national insurance development fxmd (HUD), and the 
U.S. knss general gift fund beginning March 1975, Emergency Loan 
Guarantee Fund beginning April 1975, Comptroller of the Currency 
assessoent fund, National Archives Trust fund, beginning July 1975, 
Comptroller of the Currency, trustee fund, beginning August 1975, 
Federal Financing Bank; National Archives Gift Fund; Public Health 
Service, Conditional and Unconditional Gift Fund; HEW; U.S. Naval 
Acadeiny Gift Fund; U.S. Naval Acadeny Uuseum Fund; War Risk Revolv- 
ing Fund; Xviation war risk insurance revolving fund; Department of 
State conditional gift fund, general; Harry S. Truman Memorial schol- 
arship fund; Special Investment Account, 

Less thi- i"' 



jinic 1977 



.FEDERAL DEBT. 



23 



Table FD-6. - Interest-Bearing Securities Issued by Government Agencies 



(In millions of dollari:.! 



End of 
fiscal year 
or month 



Total 

amount 

outstanding 

1/ 



Defense 
Department 



Family housing 
and homeowners 
assistance 



Housing and Urban Development Department 



Federal 
Housing 
Adminis- 
tration 



Government 
National 
Mortgage 
Association 



Federal 
National 
Mortgage 
Assoc. 2/'' 



Secondary 

market 

operations". 



Other independent agencies 



Export-Import 
Bank of the 
United States 



Farm Credit Adirdnistraticn 



Bank for 

cooperatives 

3/ 



Federal 
intermedi- 
ate credit 
banks 3/ 



Federal 
Home Loan 
Bank Board 



1968..... 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

T.O 

1976-Mar.. 

1976- Ap!-. 
May. 
June 

July, 
Aug.. 
Sept 
Oct. 
Nov. 
Dec. 

1977 Jan. 
Feb., 
Mar. 
Apr. 



24 , 39Q 

14,249 

12,510 

12,163 

10,894 

11,109 

12,012 

10,943 

lD.953r 

ll,677r 

10,961 

10,924r 
10,Q61r 
10,Q53r 

11.2-7r 

11,04> 

ll,b77r 

11, 67/ 

11,643 

11,250 

10,945 
10,932 
10,934 
10,883 



1,151 
1,863 
1,775 
1,683 
1,588 
1,484 
1,332 
1,275 
1,171 
1,136 



1.194 

1,184 
1,176 

1,171 

l,lo4 
1.152 
1,135 
1,128 
1,117 
1,113 

1,095 
1,085 
1,077 
1,058 



548 
577 
517 
487 
454 
412 
408 
487 
581 
578 



586 
564 
'SI 

584 
582 
'.78 

^Kl 

57Q 
581 
592 
598 



6,005 
4 , °20 



4 , 180 
4.U5 



4,200 

4,180 
4,180 
4,180 

4,145 
4,145 
4,145 
4,145 
4,145 
4,120 

3,845 
3,845 
3,845 
3,803 



2,571 

2,472 

1,893 

2,625 

1,819 

2,221 

2,894 

2,593 

2,593r 

3,591r 



2,64er 
2,593r 
2,693r 

3,157r 
3,53er 
3,591l- 
3,585 
3,558 
3,355 

3,349 
3,343 
3,342 

^,337 



6 
5 
6 
5 
5 
10 





Other independent 
agencies - Continued 


Other 




Memorandum - Interest-bearing 
securities of non-Government agencies 


i/ 






End of 
fiscal year 
or month 


Postal 
Service 


Tennessee 

Valley 

Authority 


Banks for 
cooperatives 


Federal home 
loan banks 

iy' 


Federal 
intermediate 
credit banks 
2/ 


Federal 

land 

banks 


Federal 
National 
Mortgage 
Association 
2/ 5/ 


District of 
Columbia 
Stadium 
Fund 


1968 


250 
250 
250 
250 
250 
250 

250 

250 
250 

250 

250 
250 
250 
250 
7 so 
250 
250 

;".o 
250 


525 
728 
996 
1,355 
1,855 
2,255 
2,6Q5 
2,075 
2,075 
1,975 

2,075 

2,075 
2,075 
2,075 

1,975 
1,975 
1,975 
1,975 
1,975 
1,825 

1,825 
1,825 

1,825 
1,825 


3 

3 
3 
3 
3 
3 
3 
2 
2 
2 

2 

2 
2 
2 

2 
2 
2 

2 
2 
2 

2 
2 
2 


1,411 
1,529 
1,790 
1,805 
2 , 338 
2,475 
2,896 
",694 
3,901 

3,808 

3,917 
3,143 
3,594 

3,745 
3,919 
3,901 
4,023 
4,207 
4,330 

4,425 
4,695 
4,899 
5,254 


4,702 

5,524 

9,914 

7,923 

7,848 

12,149 

18,522 

21,250 

19,390 

19,111 

19,960 

1Q,964 
19,350 
19,390 

10,352 
19,163 
19,111 
19,172 
18,856 
18,861 

19,055 
18,444 
18,483 
18,535 


4,240 
4,942 
5,705 
6,188 
6,673 
7,995 
0,497 
10,298 
10.7'Jl 

Q,557 

9,931 

9,078 

10,298 

10,595 
10,687 
10.791 
10.712 
10,669 
10,404 

10,531 
10,556 
10,670 
10,990 


5,310 

5,720 

6,192 

6,552 

7,393 

9,058 

11,057 

14,192 

16.060 

lb,5oo 

15 , 345 

16,050 
15,050 
15,050 

16,566 
16,565 
15,555 
17,124 
17,127 
17,127 

17,304 
17,304 
17,304 
18,137 


8,075 
13,165 
14 , 096 
18,560 
21,087 
25,232 
28,237 
29,853 

30,021 

30,147 
29,804 
29,863 

29,845 
30,429 
10,685 
30,655 
"■'0,413 
30 ,565 

10, ■94 
TO, 143 
30 , 302 
30,684 


20 
20 
20 
20 
20 
20 
20 
20 
20 
20 

20 

20 
20 
20 

20 
20 
20 
20 
20 
20 

20 
20 
20 

20 




1969 




1970 




1971 




1972 




1973 




1974 




1975 




1976 




T.y 




1976-MaT 




1976^pr 

May 




June 




Aug 

Sept 

Oct 

Nov 




Dec 




1977-Jan 

Feb 

Mar 










-• 



Source: Bureau of Government Financial Operations and Monthly Treasury 
Statement of Receipts and Outlays of the U.S. Government. 

Note: The Export-Import Bank was moved within the Budget effective 

October 1, 1976 pursuant to Public Law 93-64.6. Adjustments are made 
to include totals for the period it was outside the Budget (August 17, 
1971 through September 30, 1976). Also, adjustments are made to re- 
flect certain Export-Import Bank borrowing transactions now classified 
as agency debt. These transactions were previously reported as off- 
budget negative outlays, 

1/ Includes unredeemed matured securities outstanding on which interest 
has ceased. 



£/ 



2/ 



Effective September }0, lQb8, Federal National Mortgage Association 
was converted to private ownership pursuant to provisions of the 
Housing and Urban Development Act of 1968 (P.L. 90-AAS) . 
Effective December 31, 1968, banks for cooperatives and Federal in- 
termediate credit banks were converted to private owTLership pursuant 
to provisions of Public Law 90-582, October 17, 1Q68. 
For details of securities outstanding, see Table TSO-5. 
Includes Federal Home Loan Mortgage Corporation mortgage backed bonds 
beginning November 1^70. 

Includes mortgage backed bonds beginning June 1970. 
Revised. 



24 



Treasury Bulletin 



.FEDERAL DEBT. 



Table FD-7. - Participation Certificates 













(In millions or dollars - 


race amounts) 
















Agriculture 
Department 


Export 
or the 


-Import BanV. 
United States 




Farticipatioi; cert 


ificateG issued by GNMA ad 


ing as trustee 




Total 


Farmers Home 
Administration 1/ 


Health, Education, 


End or 
i'lecol year 
or month 


Commodity Credit 
Corporation 


and Wei rare 
Department 2/ 




oaies 


Retire- 
ments 


Out- 
standing 


Sales 


Retlre- 
nenlQ 


CMt- 
etandlng 


Sales 


Retire- 
ments 


Out- 
Star, : 


^■.^,. 


-»t,Ire- 


Out- 
standing 


Sales 


Retire- 
ments 


Out- 
Btandin,' 


1968 

1969 

1970 

1971 


2,181 


2,181 




570 


533 
369 
321 
265 
608 
',? 
32V 


2,183 
1,8U 
l,'i93 
1,226 

<Af> 
' ''': 
2/.9 
2« 
252 
252 

252 

252 
252 
252 

252 

252 

.'"! 2 

252 
252 


3,250 
1,330 


180 

630 

1,280 

1,315 

1,035 
../.O 

i;o 

110 
80 

20 
35 

25 
221; 

42 


6,-::.'.' 
7.320 
6,005 
4. '2'-' 
/, , ..H' ( 

/.,260 
4,146 

4,111 

4,166 

4,146 
4,146 
4,416 

4,111 
4,111 
4,111 
4,111 
4,111 
4,086 
3,860 
3,860 
3,860 
3,818 


- 


1.^4 
4-1 

168 
24 

- 


1,125 
1,166 

765 

685 

517 

493 

493 . 

492 

492 

402 

492 

492 
492 
492 

492 
492 
492 
492 
492 
492 

492 
492 
492 

4Q2 


100 

15 


3 

3 
2 

' 6 
2 ' 


200 
212 
209 
207 


1972 

197J 


201 
199 


1074 


199 


197'> 


198 


l-^lb 


198 


1976 -Mar 


198 
198 


1976- Apr 

May 

June 

July. 

Aug 

Sept 

Oct 

Nov 


198 
198 
198 

198 
198 
198 
198 
198 


Deo 

1977-Jan 

Feb 


198 

198 
198 


Mar 


198 
log 



riscal year 
or month 



Wfcii 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

T.U 

1976 -Mar. 

1976 -Apr. 
May. 
June 

July 
Aug. 
Sept 
Oct. 
Nov. 
Dec. 

1977^an. 
Feb. 
Mar.. 
Apr.. 



Participation certiricates issued by GNMA acting as trustee - Continued 



.Housing and Urban Development Department 



Orrlce or secretary 2/ 



Sales 



Reti 



ire- 
ments 



Out- 
stand ing 



1 ,"^20 
2,433 
2,109 
1,146 

741 
707 
707 
707 
707 
707 



707 
707 
707 

707 
707 
707 
707 
707 
707 

7.V: 

7c<; 



Government National 
Mortgage Association A/ 



Sales 



465 
140 



Retire- O^t- , 
nients ^t^^ding 



1,891 
1,897 
1,707 
1,626 
1,433 
1,338 
1,273 
1,197 
1,140 
1,122 



1,150 

1,140 
1,140 
1,140 

1,122 

1,122 
1,122 

1,122 
1,122 

1,110 



Small Business 
Administration ^ 



Sales 



Retire- 
ments 



Out- 
standing 



Veterans 
Administration ^ 



Petire- 
ments 



Out- 
standing 



' MeDorandum ^ 
Cotimodity Credit Corp. 
(net certiricates or 
interest authorized under 
Charter Act) 7/ 



Retire- 
ments 



Out- 
standing 



1,140 

64: 



27 
324 
963 

40; 
34 



50 

134 

190 

81 

193 

95 

65 

76 

41 

19 



19 



430 
50 



70 
203 
225 

91 
2O0 

41 



1,160 
1,007 
782 
691 
485 
444 
444 
44, 
444 



444 
444 
444 

444 
444 
444 
444 
444 
444 

342 

342 
342 
342 



590 
260 



923 
1,590 



107 

243 

45 

30 
40 

Id 



-,--:0 
1,543 
1,300 
1,255 
1,225 
1,164 
1,14S 



1,174 

1,164 
1,164 
1,164 

1,148 
1,148 
1,148 
1,148 
1,148 
1,135 

1,135 
1,135 
1,135 
1,113 



Source: Bureau or Government Financial Operations. 

1/ Includes the Wrect Loon program through September 1972, the Agricul- 
tural Credit Insurance rund beginning .October 1972, and the Rural 
Hcus ing Loan prograns . 

2/ Includes Construction of Higher Education Facilities, Health Profes- 
sions Education rund, and Nurse Training fund, beginning April 1968. 

2/ Includes College Housing, Housing ror the Elderly, and Public Facllltv 
programs. ^ 

i/ Includes Sper- . . ,,:ement and Liquidating programs. 



i/ Includes programs for Disaster Loans, and Business Loans anSTiivesi- 
. ments. 

&» Includes Direct Loan and Loan Guaranty programs. 

2/ In the case or Connodlty Credit Corporation, participation certif- 
icates are called "certiricates or interest" and are not included In 
the Participation Sales Act or 1966. Amounts shoim as sales and re- 
tirements represent the net excess transactions for the period. Cii 
July 1, 1969, the amount outstanding was reclassiried as agency 
securities . 



25 



juncnn 



.FEDERAL DEBT. 



Table FD-8. - Debt Subject to Statutory Limitations 









fin millions of dollars) 














I'ebt outstanding s 


jb- 


Interest-bearing debt 


flon-interest 


-bearing debt 


End of 


statutory 
debt 


,iect to limitation 




3ub,)eot to 


limitation 


subject to limitation 


fiscal year 
















or r:ionth 


l'>it 


Total 


Public debt 
1/' 


Other debt 

y 1/ 


Fijblii- debt 


Other debt 


Public debt 
1/ 


Other debt 
1/ 


19o8 


■""'S.O;.'. 


350,743 


344,716 


6,028 


544,401 


<,818 


•15 


2,20Q 


1969 


■77,1)00 


356,932 


352,259 


4,672 


551,729 


3,847 


530 


825 


1970 


■:77,iJOO 


373,425 


369,463 


3,962 


369,025 


5,157 


437 


825 


1971 


430,000 


399,475 


396,678 


2,797 


395,28Q 


1,'372 


389 


825 


1972 


450,000 


428,576 


425,813 


2,764 


425,360 


1,05Q 


45^ 


825 


1973 


465,000 


459,089 


456,697 


2,392 


456,35' 


l,5b7 


345 


825 


1974 


495,000 


476,006 


473,618 


2,388 


475, 2?8 


1,«.D': 


•SO 


825 


1975 


577,000 


534,207 


532,565 


1,642 


5:2,122 


1,542 


44- 


_ 


1976 


636,000 


621,556 


619,820 


1,736 


619,254 


1,7 16 


566 


_ 


T.Q 


636,000 


635,822 


634,089 


1,733 


633,560 


1,75! 


529 


- 


lq76^ar 


627,000 


£01,619 


5Qq,877 


1,742 


590,224 


1.742 


65' 


- 


1976-May 


627,000 


611,798 


610,059 


1,739 


608,077 


1,750 


1,982 


_ 


June 


636,000 


621,556 


519,820 


1,736 


619,254 


1,73b 


566 


- 


July 


636,000 


625,673 


623,934 


1,739 


623,580 


1,756 


354 


_ 


Avig 


636,000 


634,453 


632,716 


1,737 


632,291 


1,757 


424 


_ 


Sept 


636,000 


635,822 


634,089 


1,733 


635,560 


1,75 5 


529 


- 


Oct 


682,000 
682,000 
682,000 


638,735 
645,767 
654,662 


636,991 
644,027 
652,932 


1,744 
1,740 
l,7:-:0 


635,052 
54^543 
652.457 


1.744 
1.740 
1,730 


1,929 

385 
475 




Nov 




Dec 


_ 


1977 -Jan 


682,000 
682,000 
682,000 

700,000 


655,029 
664,473 
670,343 
672,164 


653,295 
662,736 
668,596 
670,411 


1,7J4 
1,7'<6 
1,748 

1.75', 


652,979 
562 , 320 
557,504 
568,509 


1,754 
1,736 
1.748 
1.755 


516 

416 

992 

1,902 




Fell 




Mar 




Apr 


- 


Ma-/ 


700,000 


673,246 


671,497 


1,74<' 


570,958 


1,749 


539 


- 







Soxirce: MDnthly Statement of the Public Debt of the United States. 1/ 

Note: For debt sub.ject to liraitation since 1940, see Table 21 of the 
Statistical Appendix to the Annual Report of the Secretary of the 
Treasury on the State of the Finance for fiscal 1975. For a suinroary 2/ 
of legislation on debt limitation under the Second Liberty Bond Act 
and the amounts of limitation, see Table 32 of the Statistical Appendix. 



Adjusted to exclude notes to IMF and other international lending or- 
ganisations from public debt and include them in "Other debt" to 
conform with the budget presentation and the source for this table. 
Consists of guaranteed debt of Government agencies, specified partic- 
ipation certificates, District of Columbia Stadium Bonds and notes 
of International lending organizations. 



^ Treasu)^ Bulletin 



.FEDERAL DEBT. 



Table FD-9. - Status and Application of Statutory Limitations 

The Second Liberty Hoi/J Act < 'il U.^.C, 75'/b), as am'^nde'i , The Act of June 30, 1967 (Public Law 90-39) provides 
provides that the face amount of obligations i.'::;ued under that the face amount of beneficial interests and participa- 
authority of that Act, and the face amount of obligation:; tions issued under section 302 (c) of the Federal National 
guaranteed as to principal and interest by the United ::tates, Mortgage Association Charter Act (12 U.S.C. 1717 (c)) during 
shall not exceed in the aggregate $A00 billion outstanding the fiscal year 1968 and outstanding at any time shall be 
at any one time. Public Law 94-33A provides that beginninjp added to the amount otherwise taken into account in deter- 
on April 1, 1977, and ending on September 30, 1977, the public mining whether the requirements of the above provisions are 
debt limit shall be temporarily increased by $300 billion. met. 

Part A. - Status Under Limitationst May 31. 1977 

I In millions of dollaro) 



Classifications 



Non-intoreat-beoring debt: 

Uotiired debt 

Other 

Total non-interest-bearing debt. 

Total public debt outstanding 



Source: Monthly Statefsf-nt of the Public Debt of the United States. 
• $500 thousand or lesa. 



^:OI^,l\ff 



Public debt subject to linit: 

Public debt outstanding 

Less amounts not subject to limit: 

Treasxiry 612 

Federal Financing Bank ^■'•^ 

Total public debt subject to limit '-1,^^ 

Other debt subject to limit: 

Guaranteed debt of Government agencies 614 

Specified participation certificates 1,135 

Total other debt subject to linit 1,7^9 

Total debt subject to limit 673,246 

Statutory debt limit 70C~OOQ~ 

Bal ance of statutory debt 1 imit • 2t,"54 



Part B. - Application of Statutory Limitations. May 31, 1977 

'In millions r,f dollars) 



Interest-bearing debt,: 
Marketable: 
BUls: 

Treasury S157,931 

Itotes : 

Treasxiry 230,230 

Bonds: 

Treasury 43,286 

Total marketable ^31 ^r^ 

Noniftarketable: - 



Depositary series g 

Foreign govemroent series: 

Dollar denominated 20, 423 

Foreign currency denominated i ^og 

Govemoent acco\int seriec \j-^ 029 

Investoent series 2 248 

R.E.A. series 16 

State and local government series 7 91^ 

United States indiv idual ret irenent bonds 22 

United States retiren:ent plan bonds 135 

United States savings bonds -3 90P 

United States savings notes ^qq 



Total nonmarketable 239 fll 



Total interest-bearing debt r70,9?? 



Jiaic 19^7 



27 



End of 
fiscal year 
or month 



.FEDERAL DEBT. 



Table FD-10. - Treasury Holdings of Securities Issued by Government 
Corporations and Other Agencies 



(In millions of dollars) 



1968 

1969 

1970 

1971 

1972 

1973 

197A 

1975 

1976 

T.Q 

197e^Mar. 

1976-May. 
June 

July 
Aug. 
Sept 
Oct. 
Nov, 
Dec. 

1977^ an. 
Feb. 
Iter. 
Apr. 
May. 



:'7,o.;o 

23.1d4 
30.651 
31,'J«4 

34.237 

35,434 
44,674 
53,0Q1 
57, iV4 
53,bOO 



54,086 
^J.O'il 



5d,07;, 



bO.702 
60,407 
61,742 

6l,80f 
IjI,^^;-' 



I'Oi 

Inter- 
national 
Develop- 
ment 1/' 



=12 
4''1 
416 
374 



Federal 

Financing 

Bank 



602 
13,466 
22,413 

.■'5.F,S4 
21,706 



22,736 
22,41:; 

24.149 
25,052 

25 8S4 

26 ] 111: 
26,524 
2f,.r'll 

20 , 848 
30,328 
31,312 

30 , 822 
1 , 007 



Federal 
Home Loan 
Bank Board 



1,247 
1,534 
1,491 
1,534 



1,534 

1,534 

1,4Q1 
1,491 
1,401 
1,372 
1,372 
1,172 



Aj^riculture Cepartroent 



Commodity 
Credit 
Corpo- 
ration 



11,989 

12,115 

12,262 

11,977 

11,501 

10,864 

8,608 

5,046 

2,840 

:i,55b 

2,497 



2.676 
2,840 

3,002 
3,315 
3,556 
2,393 
2,049 
1,505 

3,983 
4,071 

4,288 
4,725 
4,223 



Rural 
Electri- 
fication 
Adminis- 
tration 



4,770 
5,045 
5,328 
5,746 
6,051 
6,563 
6,963 
7,409 
7,512 
7,409 
7,409 



7,471 
7,512 

'',536 
7,569 
7,400 
7,453 
7,480 
7,514 

7,609 
7,609 
7,609 
7,609 
7,765 



Secretar;,': 
Farmers 
Home 

Adminis- 
tration 
Programs 
2/ 



1,454 
1,583 
1,416 
1,391 

1,606 
1,610 
2,545 
1,482 
1,717 
1.867 
1,682 



1,682 
1,717 

1 71^ 
1,792 
1,367 
1,892 
1,8Q2 
1,802 

1,SQ2 
1,892 
1,922 
1,922 
1,022 



Export- 
Import 
Bank of 
the 

United 
States 



362 

720 

1,586 

783 

1,743 

1,888 

2,457 

207 

11 

73 

63 



Housing and Urban 
tevelopraent lepartment 



Office of the Secretary 



College 
housing 
loans 



1,366 
950 
1,400 
2,450 
2,781 
2,811 
2,811 
2,811 
2,811 
2,811 
2,811 



2,811 



54 


n,ni 


11 


2,811 


73 


2,811 


181 


2,811 


94 


2,811 


7 


2,811 


7 


2,811 


32 


2,811 


66 


2,811 


160 


2,811 


45 


2,811 



Urban 

renewal 

fund 



400 
400 
600 
800 
800 
800 
800 
800 
800 
800 



800 

800 

^O" 
800 
800 
800 
800 
800 

800 
800 
SOD 
800 
800 



Other 
i/ 



170 
220 
260 
352 
333 
351 
414 
455 
124 
UO 



122 

124 

129 
145 

149 
158 
161 
163 

170 
17Ci 
17b 
199 
207 





Housing and Urban Development 
Department — Continued 


Interior 
Itepartment 


Rural 

Telephone 

Bani 


Ten- 
nessee 
Valley 
Author- 
ity 


Transpor- 
tation 
Dept. 


Veterans 
Adminis- 
tration: 
Direct 
loan 
program 


Under 

Defense 

lYoduc - 

tion 

Act 

of 1950 

1/ 






Govern- 
ment 
National 
Mortgage 
Assn. 5/" 


Other 
6/ 




fiscal year 
or month 


Helium 
fund 


Saint 
Lawrence 

Seaway 
Develop- 
ment 
Corp, 


Other 
S/' 


1968 

1969 

1970 


1,050 
2,427 
3,133 
3,552 
3,781 
3,053 
3,133 
5,413 
6,124 
5,907 

6,999 

6,688 
6,124 
b,bOo 
5,098 
5,907 
5,452 
5,345 
5,134 

5,173 
5,181 
5,200 
5,108 
5,214 


10 

15 

10 

223 

665 

1,641 

2,462 

3,677 

4,666 

4,878 

4,463 

4,666 
4,666 

4,838 
4,838 
4,878 
4,878 
4,878 
4,878 

4,964 
4,964 
5,008 
5,008 
5,008 


110 
140 
207 
251 
252 
252 
252 
251 
252 

251 

251 
251 

251 
251 
252 
252 
252 
252 

252 
252 
252 
252 
252 

1 


49 
132 
191 

201 

172 
170 

101 

198 
198 
201 
201 
201 
201 

201 

202 
205 
208 
212 


1310 
100 
100 
100 
100 
100 
lOU 
150 
150 
15U 

150 

150 
150 

150 
150 
150 
150 
150 
150 

150 
150 
150 
150 
150 


12a 
133 
133 
130 
127 
123 
121 
120 
118 
118 
118 

118 
118 

118 

lis 
lis 

117 
117 
lib 

116 
116 
116 
116 
116 


1,730 
1,730 
1,730 
1,730 
1,730 
1,730 
1,730 
1,730 
1,730 
1,730 
1,730 

1,730 
1,730 

1,730 

1,730 
1,730 
1,730 
1,730 
1,730 
1,730 
1,730 
1,730 
1,730 
1,730 


1,854 

2,032 

1,996 

2,010 

2,010 

2,014 

2,015 

2/ 

2/ 

2/ 


24 
38 
43 
43 
43 
63 
43 
44 
98 


1971.. 

1972 


1973 

1974 

1975 


1976 

1 . W 




94 

346 
98 

97 
97 
97 
97 
96 


1976-May 

Jiine 

July 

Aug 

Sept 

Oct 

Nov 

Dec 


1977^Tan 

Feb 


97 
97 


Mar 


97 


Apr 

May 


07 
97 







28 



Treasury Bulletin 



.FEDERAL DEBT- 



Footnotes to Table FD-10. 



Source: Bureau of Government Financial Operations, 

Note: These securities were issued to the Treasury in exchange for ad- 
vances Iv the Treasury from public debt receipts under congressional 
authorizations for specified Government corporations ond other agen- 
cies to borroir from the Treasury. Further detail may be found in 
the 1075 Statistical Appendix to Annual Report of the Secretary of 
the Treasury, pages 354-357, and the 1976 Combined Statement of Receipts, 
Expenditures and Balances of the United States Government, pages 812- 
615. 

1/ And predecessor agencies. Beginning fiscal 1957 figures exclude notes 
previously issued ty the Administrator in connection with informational 
media guaranties. The obligation for these notes was assumed ty the 
Director of the United States Information Agency, pursuant to the act 
approved July 13, 1956 {22 U.S.C. U42), and the notes together with 
others Issued for the saioe purpose are included In "Other." 

2/ Form housing and other loan programs, Agricultural Credit Insurance 
Fund ( f orroerlj* Farm Tenant Mortgage Insurance Fund), Rural Housing 
Insurance Fund, and Rural Developnient Insurance Fund. 
::.'l ri"n securities transferred from the Reconstruction Finance 



1/ 

k/ 



■~ notes issued to borrow for: public facility loans; Low 
r.'-.i. .- -iUAiC Housing Fund; and advances for National Flood Insxirance 
Fund. 

Consists of liobllities talcen over ly the Association from the 
Secretary in accordance with the act approved August 2, igS-i, and 
notes issued by the Association under authority of that act (12 U.S. 
C. 17:" '■*, ivro {X\, and 1721(d)) and also securities transferred 
M Finance Corporation. 



6/ Public, Housing Administration 1960-1963; Federal Housing Administra- 
tion beginning January 1966; Housing Assistance Administration from 
September 1968-December 1969. 

7/ Consists of notes of: The Administrator, General Services Adminis- 
tration, for defense materials procurement; the Secretary of Agri- 
culture; the Secretary of the Interior (Defense Minerals Explo- 
ration Administration); and the Secretary of the Treasury through 
May 1964. 

8/ Consists of notes issued by the: United States Information Agency 
for Informational media guaranties (see footnote 1); Secretary of 
Ccrannerce (Maritime Administration) for the Federal Ship Mortgage 
Insurance Fund, fiscal years 1963-67 and Federal Ship Financing Fund 
(NOAA), beginning December 1972; Virgin Islands Corporation from 
September 19 59- September 196S; District of Columbia Conmiss loners 
for the Stadium Sinking Fund beginning December 1971; Secretary of 
the Interior (Bureau of Mines) for development and operation of h^ 
Hum properties beginning May 1964; Bureau of Commercial Fisheries 
for Federal Ship Mortgage Insurance Fund, Fishing Vessels from Jan- 
uai^ 1966 - May 1967; and revenue bonds for Smithsonian Institution 
(John F. Kennedy Center Parking Facilities) beginning July 1963; 
Secretary of Transportation (Washington Metropolitan Area Transit 
Authority) beginning December 1972; Health, Education, and Welfare, 
Office of Education (Student Loan Insurance Fund) from May 1973 - 
August 1973; Pension Benefit Guaranty Corporation from September 19 
74; Federal Railroad Administration, rail service assistance, begin- 
ning January 1976, and ret:ional rail reorganisation, April, 1976. 

2/ Outstanding loans cancelled pursuant to Public Law 93-426, dated 
September 30, 1974. 



June l^n 



29 



PUBLIC DEBT OPERATIONS. 



Table PDO-1. - Maturity Schedule of Interest-Bearing Marketable Public Debt Securities 

Other than Regular Weekly and 52-Week Treasury Bills 

Outstanding, May 31, 1977 



(In millions of dollars) 



Year 

and 
month 
of final 
maturity 

1/ 



Description 



Aniount of maturities 



Held by ^ 



U.S. Govt, 
accounts and 
Federal Re- 
serve banks 



All 

other 

investors 



Year 

and 

month 

of final 

maturity 

I 



Description 



Amount of maturities 



Held by 2,' 



U.S. Govt, 
accounts and 
Federal Re- 
serve banks 



All 

other 

investors 



June 
July 
Aug. 

Sept 
Oct. 

Nov. 

Dec. 

1Q78 
Jan. 
Feb. 

Mar. 
Apr. 

May. 

June 

July 
Aug. 

Sept 
Oct. 

Nov, 

Dec. 

1979 
Jan. 
Feb. 

Mar. , 
Apr. , 

May. , 

June. 

Aug.. 

Sept 
Oct., 
Nov. 

Dec , 



Mar. . 

Apr . . 
May.. 
June. 
Aug.. 

Sept. 
Oct.. 
Nov. . 



-\/'2% 
7-1/2? 
7-? A? 



b-l//,% 

1-1/2? 

5-7/8* 

b% 

5-Vtf 

8-1/8% 

5-Vtf 

Total.. 



7/8% 
7f, 

5-7/8% 
6% 

1-1/256 
5-7/8% 
7-7/8% 
6-1/8% 
l-'i/'S 
6-1/4% 
6-7/8% 
8-1/2% 
1-1/2% 
D-5/8% 
7% 

6-1/4% 
7-1/2% 

Total.. 



6-1/2% 
7-1/2? 



Note 
Note 
Note 



S-l/lS, Note 

8-V8% 
1-1/2% 
7-1/2% 
7-3/1$ 
6-5/8% 
7-1/4% 



Note 
Note 
Note 
Note 
Note 
Note 



6,/ ■0/77-J 
7/il/77-K 
8/15/77-B 

S/31/77-L 

9/30/77 -M 
10/1/77-EO 
10/:a/77-N 
11/15/77-E 
ll/:ffl/77-Q, 
12/31/77-P 



6-3/8% 
6-1/4% 

V4« 
1-1/2% 
6-1/2% 
7-1/8% 

7/8% 
7-1/8% 



6-7/8% Note 

6-7/8% 

8-3/4% 

7-5/8% 

6-5/8% 



Note 
Note 
Note 

Note 
Note 
Note 
Note 
Note 
Note 



Note 
Note 
Note 
Note 

Note 
Note 
Note 
Note 
Note 
Note 
Note 



l/:a/78-J 
2/15/78-A 
2/28/78-0 

3/31/78-K 
4/1/78-EA 
4/30/78-L 
5/15/78-D 
5/15/78-F 
5/:'l/78-M 

6/30/78-N 

7/31/78-P 
8/15/78-C 
8/15/78-E 
8/31/78-a 

9/30/78-R 
10/1/78-EO 
10/31/78-S 
11/15/78-B 
11/30/78-T 
12/-(l/78-H 
12/"a/78-U 



Note 
Note 
Note 
Note 
Note 
Note 
Note 
Note 
Note 
Note 
Note 
Note 
Note 
Note 
Note 
Note 
Note 



1/31/79-L 

2/15/79-H 

2/28/79 -M 

3/31/79-N 

4/1/79-EA 

4/30/79 -P 

5/15/79-D 

5/3l/79-Ci 

6/j0/79-E 

8/15/79-A 

8/15/79 -J 

9/30/79-F 

10/1/79-EO 

11/15/79-B 

11/15/79-C 

11/15/79-K 

12/31/79-G 



Bond 
Note 
Note 



1-1/2% Note 

6-7/8% Note 

7-5/8% Note 

9% Note 

6-7/8% Note 

1-1/2% Note 

3-1/2% Bond 

5-7/8% Note 



2/15/80 
2/15/80-G 
3/:il/80-C 

4/1/80-EA 
5/15/80-A 
6/30/80-D 
8/15/80-B 

9/30/80-E 

10/1/80-EO 

11/15/80 

12/31/80-F 



2,170 
1,516 
4,918 

2,021 

3,226 
17 
3,156 
3,630 
2,628 
2,765 



2,511 
8,389 

2,115 

:',162 
15 
2,574 
3,960 
4,423 
2,567 

3,331 

2,855 
2,462 
5,155 
2,949 

3,1°5 
3 
2,921 
8,207 
2,941 
2,517 
' , -76 

69,628 



2,855 
4,692 
2,845 
3,51° 
2 
l,oaj 

2^08^ 
1.782 
4 ,559 
2,opQ 
2,081 
1 
1 , 604 
2,241 
.\176 
2 ,006 

AO . >■'"'':, 



2,50 3 
4,60t' 
2.06Q 



7,265 
2,185 
4,296 

2,141 

1,757 
2,oo2 

<n,521 



264 

65 

1,640 

123 

230 

214 

1,263 

96 

292 



270 

3,35" 

51 



374 

946 

1,513 

162 

757 

293 
635 

2,568 
164 
415 

176 

3,590 

224 

167 

407 

16,328 



53 

1,714 

192 

568 

110 
50^^ 
^25 
10° 
1,788 
834 
220 

1,142 

444 
212 



1,424 
154 



5,564 

270 

2,680 

136 
Dl'^. 



11,813 



l.t'OO 
1,451 
1,278 

1,898 

2,996 
17 
2,942 
2 , 367 
2,532 
2,473 



21,86i:i 



2,241 
5,036 
2,064 
2,890 
15 
2,200 
3,014 
2,910 
2,405 

2,574 

2,562 
1,827 

2,587 
2,785 

2,780 

2,745 
4,617 
2,717 
2,350 
2,960 



300 



2,802 
2 978 
2^653 
2,Q51 
2 
1,882 
1,760 
1,758 
1,673 
2,771 
2,155 
1,861 
1 
452 
1,797 
',164 
1 , 913 



,581 



1,574 
',184 
l,ol5 



1,701 
1,915 
1,616 



Mar . . . 
Apr . . . 
May. . . 
Aug... 



Oct.. 
Nov. . 



1982 
Feb 

Apr. . . . 
May 

Aug 

Nov... . 

19B3 
Feb 

June. . . 

Nov, ... 

1984 
Feb... 
Aug... 

1985 
May. . . 

1986 
May. . . . 
Aug.... 
Nov. . . . 



19°0 
Feb. 



1992 

Aug.. 
1993 

Feb.. 

Aug.. 



1994 
May.. 

1995 
Feb.. 

19Q8 
May. . 
Nov. . 



7S 

7-3/8% 

6-7/8% 

1-1/2% 

7-3/8% 

7% 

7-5/8% 

1-1/2% 

7-3/4% 



Note 
Note 
Note 
Note 
Note 
Bond 
Note 
Note 
Note 
Note 



2/15/81- 

2/15/81 -C 2/ 

3/31/ei-H 

4/1/81-EA 

5/15/81-D 

8/15/81 

8/15/81-F 

10/1/81-EO 

11/15/81-B 

11/15/81-C 



3/8% 
f-1/8% 

-1/2% 



8-1/8%. 
7-7/8% 



BoBd 

Note 

Note 
Note 
Note 
Note 
Note 



2/15/82 
2A5/82-D 

4/1/82- EA 
5/15/82-A 
5/15/82-E 
8/15/82-B 
11/1 5/82- C 



Total. . 

8% 
3-1/4% 

7% 

Total. . 
7-1/4% 
^3/8% 



Note 
Bond 
Note 



2/15/83-A 
6/15/78-83 
ll/15/83-B 



Note 
Bond 



2/15/S4-A 
8/15/84 



Total 

3-1/4% Bond - 5/15/85 

4-1/4% Bond - U/15/77. 

ot-l V]A/S5 

7-7/8% 

6-1/8% 
Total.. 



1Q99 
May 

2000 
Feb 

Aug ... 

2001 
Aug... 

2005 

May . . 

2C07 
Feb.. 



Note 
Note 
Bond 



5/15/86-A 
8/15/86. 
11/15/86 



3-1/2% 
8-1/4% 
Total.. 

4-1/4% 

4% 

6-3/4% 

7-1/2% 

Total.. 
4-1/8% 



7% 
1/2% 

Total.. 



Bond 
Bond 



2/15/90 
5/15/90 



Bond 
Bond 
Bond 



8/15/87-92 

2/15/88-93 
2/15/93 

8/15/88-93 



Bond 
Bond 



5/15/89-94 

2/15/95 

5/15/93-98 
11/15/98 



8-1/2% Bond 



7/« 
8-3/8% 



Bond 
Bond 



5/15/94-99 



2/15/Q5-00 
8/15/95-00 



. 8-1/4% 



J7-5/8% Bond 



8/15/96-01 



5/15/00-05 



2/15/02-07 



1,S42 
4,706 
2,809 

2.020 

807 

2,586 

14 

4., 77 



21,804 



2,702 
2,697 



2,747 
2,613 
2,918 

2,902 

16, 570 

7,958 
1,297 
2,30a 



11,564 
8,436 
2,353 



791 
1,058 



1,84° 



5,219 
9,515 
1,216 



15,Q50 



2,°77 
1,247 



08O 



18° 

627 

1,914 



2,730 





bO.; 


2 


692 
160 


2 


852 


2 


414 


2 
2 


771 
265 


5 


0!o 


1 


575 




221 


3,047 



803 

38 

152 
408 
240 



1,440 
12 

1,081 

7Cil 



.086 
227 



1,602 



17° 

395 



789 

1,879 

884 



PQ1 

■:20 



1,21' 



53 
209 

1,2Q0 



1,042 



1,286 
3,903 
2,771 

1,868 
399 
2,345 
14 
2,634 
2.518 

17,739 

1,647 
2,592 



1,307 
2,601 

1,837 
2,201 



12,285 


5,872 
1,070 
2,216 


0,158 


4,f!34 
954 


5.788 


612 
563 


1,275 ' 


4,430 

7,535 

332 


12,3°? 


2,084 
927 


■i.Oll 


1,852 


135 
418 
624 


1,178 


661 


476 


364 
1,446 


1,810 


82° 


2,278 
1,317 


■,5°5 


822 


°62 


1.728 



Source: Monthly Statement ol" the FuDlic Debt ol' the United States and 

Office of Government Financing in the Office of the Secretary. 

1/ For issue date of each security, ree "Market Quotations on Treasury 
Securities. " 

2/ Beginning with February 1969 Treasury Bulletin, the definition of 



(i.S, '^ovei-nment accounts and all other Investors is in conformi 
witn the unified budget concept, 
i/ Treasury Notes 7-3/8% Series 0-19^1 and l-3/S% Series E^1961 
consolidated effective Sept. 1, 1976. 
Less than $500,000. 



30 



PUBLIC DEBT OPERATIONS. 



Treasury Bulletin 



Table PDO -2. - Offerings of Bills 



( Aniounls in millions of dollara) 



Description of new issuo 



Maturity 
date 



Mumber of 
days to 
maturity 1/ 



Amount of 

bids 

tendered 



AjTiount of bids uccepttvij 



Total 
Ajnount 



On com- 
petitive 
basis 2/ 



On noncQiTH 
petitive 
basis J/ 



jl'ferinj: 



Regular weekly; 
{13-week and 26-week) 

1977- Fob. 3 

10 

17 

2« 

Mar. 3 

10 

17 

24 

31 

Apr. 7 

U. 

21 

28 .'. 

Uay 5 

12 

19 

26 

52- week : 
1976-May. A 

June 1 

29 

July 27 

Aug. 24 

Sept. 21 

Oct. 19 

Nov. 15 

Dec. 14 

1Q77-Jan. 11 

Fob. e 

Ufar. 8 

Apr. 5 

Vby 3 

May 31 



■May 

Aur. 


I. 


V.HV 

AU(T. 
May 
Aug. 


11 

19 

18 


May 

Aur. 


'■■'■ 


June 
SL-pt. 


1 


June 
Sopt. 


9 
8 


June 
Sept. 


16 
15 



.uly 
, Oct. 


6 


r July 


14 
13 


r July 

Oct. 


21 

20 


r July 
1 Oct. 


28 
27 


' Aug. 

Nov. 
' Aug. 

Nov. 
^ Aug. 

Nov. 
^ Aug. 
1^ Nov. 


4 
3 
11 
10 
18 
17 
25 
25 


1977- May 


3 


May 


31 


June 


28 


July 


26 


Aur. 


23 


Sept. 


20 


C«t. 


IF 


Nov. 


15 


Dec. 


13 


1976:Jan. 


10 


Feb. 


7 


Mar. 


7 


Apr. 


4 


May 
May 


2 
30 



91 

1S2 

91 
182 

91 
182 

91 
182 

91 
182 

91 
182 

91 
182 

91 
182 

91 
182 



91 
182 

91 
182 

91 
182 

91 
182 

91 
182 

91 
183 



364 
364 
364 
364 
364 
364 
364 
364 
364 
364 
364 
364 

364 
364 



4,';''o. ■ 

6,980. -1 
5,217.7 
5,849.9 
4,624.0 
7,046.2 

4,670. 
7,555.1 

5,080.4 
5,977.1 

4,199.7r 
5,857.7 
3,974.6r 
5,760. 9r 

4,365.4 
5,615.0 

4,881.8 
6,845.1 

.'.,610.2r 
,4ll.2r 

;, 361.0 

6,725.7 

5,549.4r 
6,643. Ir 
5,031. 5r 
5,844.6r 

T,574.2~ 
6,053.5 
4,448.5 

6,ft34.2 



6,503.1 



5,669.8 
4,380.9 
4,855.5 
5,504.0 
4,034.2 
6,454.3 
5,248.5 
5,376.1 
6,039.3 
7,053.2 
5,909.8 
6,264.8 
6,986.2 



6,195.8 
4,971.2 



.1,>:02.6 

3,704.2 

2,703.2 

3,699.3 

2,505.3 
2 •'^0?.4 



2,301.7 
3,403.2 
2,110.1r 
3,102.6r 



3,503.1 

2,402.0 
3,405. 5r 
2,303.3r 
3,299.6r 



2,303.6 
3,306.9 
2,203.9 
3,301.8 
2,103.1 
3,202.6 
2,099.9 
3,199.9 



3,335.5 
2,921.4 
2,611.6 
2,901.6 
2,952.6 
2,917.3 
3,095.1 
^,401.7 



3,105.5 
3,208.3 
3,342.5 



2,966.1 
2,454.3 



'z,i6i.i 

3,574.4 
2,395.1 
3,568.1 
2,134.9 
2,836.0 

2,307.5 
3,475.3 



1,91 ■:■ 
3,2.. '. i 

1,7"6.1 
2,954.1 



3,265.7 



3,350.1 

2,097.7 
3,261.0 

2,019.3 
3,177.1 

1,993.2 

3,197.1 
1,911.1 
3,157.5 
1,755.2 
3,065.3 
1,789.5 
3,064.2 



3,24i:.0 
2, 84'. 4 
2,518.6 
2,898.9 
2,866.0 
2,8"5.1 
3,036.7 



3,047.1 
3,U5.7 
3. 398.9 



T54r3 
129.8 

308.1 
131.2 

370.4 

767.4 



H2.1 

153.9 

334. Or 
148.5r 

277.0 
143.2 

308.5 
138.2 

315. 3r 
14f.2r 

358.7 
152.9 

304.3 
145. 5r 
283. 9r 
122. 5r 

310.3 
109.8 
292.9 
144.2 
337.9 
136.3 
310.4 
135.7 



95.4 
75.9 
93.0 
72.6 
85.7 
82.2 
58.4 
61.7 
68.7 
73.8 
58.3 
62.5 
56.4 



2,909.4 
2,400.4 



56.- 
53.8 



2,604. 6~ 

3 . f.OF , f. 



2,500.7 
3,603.5 

2,602.0 
3,602.1 

2,507.5 
3,602.1 

2,305.- 
3,405... 



3,104.6 

2,306.9 
3,404.1 

2,506.6 
3,506.1 

2,412.2 
3,508.3 

2,402.6 
7,907.4 i/ 

2,505.9 
3,501.3 

2,502.6 
3,710.4 
2,703.2 
3,702.2 
2,505.3 
3,502.3 

2,609.3 
3,600.8 



2,435.3 
2,404.4 
2,591.4 
2,292.6 
2,893.3 
2,859.7 
3,061.9 
3,244.6 
3,253.1 
3,068.7 
2,930.4 
3,104.9 
3.202.7 



.72.1 



31,576.0 
90,383.5 

31.583.2 
90,385.9 

31,i78.8 
90,385.0 

31,574.7 
90,382.8 

31,580.7r 
90,383. Or 

31,576.6r 
90,382. 3r 

31,573.2r 
90,382. Ir 

31,570.7r 
90, 379. Or 

31,560.9r 
90,373. 8r 

31,560.3r 

90,378. 8r 

31,356. 7r 
90,177. Ir 

31,057.7 
89,773.7 
30,558.5 
89,373.3 
30,156.3 
89,073.5 
29,646.8 
-^.•72.7 



38,243.1 
38,760.2 
38,780.4 
•3,389.4 
39,448.7 
39,505.3 
39,539.5 
39,695.7 
39,948.2 



3,335.5 
2,921.4 



Footnotes at end of table. 



June 19'' 7 



_PUBLIC DEBT OPERATIONS, 



31 



Table PDO-2. - Offerings of Bills-Continued 





On total bids accepted 


On competitive bids accepted 


Issue date 


Average price 
per hundred 


Equivalent average 
rate 5/ 


Hii-h 


U>w 




Pl-ice per hunijred 


Equivalent rate 5/ 


Price per hundred 


Equivalent rate ^' 


Regular weekly; 
(13-weeli and 26-week) 




(Percent) 




( Percent ) 




(Percent) 


1977-Feb 3 


f OS.S07 
( 97.468 

f 98.831 


4.720 
5.009 

4.624 

4.840 

4.633 
4.862 

4.668 
4.872 

4.708 
4.943 

4.653 
4.965 

4.546 
4.813 

4.«3 
4.''-' 

4.':''3'-' 

4.846 

4.562 
4.767 

4.494 
4.708 

4.518 
4.839 


98.813 
97.479 

98.837 

97.572 

Of. 834 
97.550 

98.826 
97.543 6/ 

98.819 
97.513 

98.830 
97.502 

98.857 
97.574 

98.855 
97. 568 • 

98.840 
97.544 

08.852 
07.558 2/ 

98.852 
97.599 2/ 

08.866 2/ 
97.630 

08.865 
97.568 


4.6'* 
4.987 

4.601 
4.803 

4.613 
4.846 

4.644 
4.860 

4.672 
4.919 

4.629 
4.941 

4. "■■'■' 

4.530 
4.811 

4.589 
4.858 

4.542 

4.830 

4.542 
4.749 

4.486 
4.688 

4.490 
4.811 


98.803 
97.462 

98.828 
97.543 

98.827 
97.538 

98.817 
97.532 

98.809 
97.4% 

96.821 
97.486 

98.848 
97.561 

98.847 
97.556 

98.833 
97.535 

98.838 
97.548 

98.845 
97.586 

98.863 
97.615 

98.856 
97.546 


4.735 


in 


5.020 
4.636 


17 


i 
i 


I W.553 

' 98.829 
1 97.542 

'^ 98.820 
97.537 

^ 98.810 
97.501 

^ 98.824 


4.860 
4.640 


24. . . 


4.870 
4.680 


Mar. 3 


4.882 
4.712 


10 


4.953 
4.664 


17 


\ V/ . 4*1 

/ 98.851 
1 97.567 

/ 98.849 
\ 97.560 

/ 98.835 
[ 97.538 

[ 98.841 
\ 97.550 

/ 98.847 
\ 97.5°0 

/ 98.864 
[ 97.620 

/ 98.858 
\^ 97.554 


4.973 
4.557 


24 


4.824 
4.561 


31 


4.834 
4.617 


Apr. 7 


4.597 


14 


4.850 
4.569 


21 


4.775 
4.498 


28 


4.718 
4.526 




4.854 




f 98.785' 
[ 97.446 

/ 98.781 
1 97.406 

/ 98.737 
i 97.354 
/ 98.700 
\ 97.279 

94.292 
93.621 
93.851 
94.048 
94.304 
94.377 
94.817 
94.727 
95.240 

95.219 
94.596 
94.716 
94.785 


4.807 
5.052 

4.823 
5.131 

4.996 
5.234 

5.142 
5.353 

5.645 
6.309 
6.082 
5.887 
5.634 
5.561 
5.126 
5.201 
4.708 

4.728 
5.345 
5.226 
5.158 


98.70? 12/' 
07.462 

98.789 

97.414 

03.741 11/' 
07. 361 

08.704 
07. 285 12/ 

04.338 13/ 
93.652 
93.867 lA/ 
04.067 
94.337 12/ 
94.389 16/ 
94.840 

04.797 21/ 

04. 804 
04.540 


4.775 

5.o;o 

4.7'-Jl 
5.115 

4.981 
5.220 

5.127 
5.341 

5.600 
6.278 
6.066 
5.868 
5.6IJ1 
5.54'"' 
5.10- 
5.100 
4.690 

4.717 
5.324 
5.200 
5.146 

5.130 
5.400 


98.781 
97.444 

98.777 
97.401 

98.736 
97.349 

98.694 
97.276 

94.265 
93.593 
93.834 
94,041 
. 94.289 
94.368 
94.803 
94.718 
95.218 

95.210 
94.584 
94.707 
94.779 

94.763 
04.520 


4.822 


12 


5.056 
4.838 


19 


5.141 
5.000 


26 


5.244 
5.167 


52-weeltS: 
1976-May 4 


5.359 
5.672 




6.337 


20 


-6.098 


July 27 


5.894 


Aug 24. 


5.648 


Sept. 21 


5.570 


Oct. 10 


5.140 


Nov. 15 


5.210 


Dec. 14 


4.729 


lQ77jan. 11 


4.737 


Feb. 8 


5.356 


Mar. 8 


5.235 


Apr. 5 


5.164 










Miy ■: 


04.780 


5.163 

5.403 


5.17Q 


May 31 


04.537 


5.411 











Footnotes on following page. 



32 



Treasury Bulletin 



.PUBLIC DEBT OPERATIONS 



Footnotes to Table PDO-2. 



Source; J.i.nnthly otatenent of the Public Debt of the United States and 

Allotments. 
i/ The l^-week bills represent additional issues of bills with an 

original maturity of 26 weeks, 
2/ For bills Issued on or after Hay 2, I97«i, includes amounts exchanged 

on a nonco(ni«titive basis by Government accounts and Federal Reserve 

banks. 
2/ For 13-week bills, 26-veek tenders for $500,000 or less from any one 

bidder are accepted In full at average prices of accepted competitive 

bids; for other issues, the corresponding amount is stipulated in 

each offering announcement. 
^ Includes riaturing short-dated bills issued Apr. 6, 1977. 
^ Bank discount basis, 
i>/ Except 51,000,000 at 97.628, $1,000,000 at 97,618 and $2,000,000 at 

97.613. 
2/ Except 5635,000 at 97.563. 



6/ 


Ex- 


9/ 


Ei: 


10/ 


Ex- 


U/ 


Except 


:u/ 


Except 


1?/ 


Ex— •♦ 


W 


Ex 


15/ 


Ex- 


16/ 


Eieo;-,!, 


.17/ 


Except 


18/ 


Exccot 


X9/ 


Ex- 


20/ 


Ex ■ 



21/ 





' ' . "'78. 










/■ 


.7i6. 
.289. 
'•• -ind 
. 3. 


$715 


,CXX) at 


94.348. 




.. ..7. 

K. )<r7. 

.748 and 


$2, 


000,000 at 


94.743 



1 and $4,000,000 at 95.238. 

3, $1,000,000 at 94.622, and $2,000,000 



Except $35,000 at 94.813. 
Revised 



June 7977 



55 



PUBLIC DEBT OPERATIONS. 



Table PDO-3. - New Money Financing through Regular Weekly Treasury Billsi/ 



(Poller amounts in millions^ 



Description of issu 



Issue 
date 



Ifey 



July 



Aug. 
Nov, 

iq74-Majr 



July 



Aug. 



Sept. 



11. 
18. 



17. 
24. 
31. 
U. 
21. 
2S. 
5. 
12. 
19. 
26. 
2.. 
15.. 



23. 
30. 



6.. 

13.. 
20.. 
27., 

5., 
11. 
18. 
25. 

1. 

8. 
15. 
22. 
29. 



Maturity 
date 



1973 -Air, 

.July 

Apr. 
July 

Apr. 
July 

Apr. 
July 

1973-Aug. 
Nov. 

Aug. 
Nov. 

Aug. 
Nov. 

r-'7;s-Sept. 

Dec. 

Sept. 
Dec. 

Sept . 
Dec. 

Oct. 
I'^i74-Jan. 

1973- Got. 
1974-Jan. 

1973- Oct. 
1974-Jan. 

lQ73-Oct. 

in74-Jan. 

1U73-N0V. 
l'"'74-Jan. 



May 



19. 
26. 



Aug. 
Nov. 



Aug. 
Nov. 



Aug, 
Nov. 



,"ept . 
iJec , 

Sept. 
Deo. 

Sept. 
Dec . 

Sept. 
Cec. 

Oct. 

l-175-Jan. 

i''74-a-t. 

1975-Jan. 

1974-Cct. 
1975-Jan. 

1974-a?t. 
1975-Jan. 

1974-Oct. 
1975-Jan. 

1974-Nov. 
1975-Feb . 

ia74-Nov. 

1975-Feb . 

197i-Nov . 
l-^TS-Feb. 

l'-'74-Nov . 
1Q75-Feb. 

1974-Dec . 
1975-Mar. 

1974-ft!c . 
1975-Mar. 

1974- Dec . 
1975-Mar. 



12 
12 

19 
19 



16 
15 

23 



13 
13 

20 
20 

27 

27 

4 
3 

11 
10 

18 

17 



1 

14 

16 
15 

14 



12 

12 

19 
19 

26 

2b 

3 
2 



17 
16 

24 
23 

31 

30 



19 
20 

26 
27 



Number of 
days to 
maturity 



91 
182 

91 
182 

91 
182 

91 
182 



91 
182 

91 
183 

91 
182 

91 
182 

91 
182 

91 
132 

91 
182 

91 
182 

91 
182 

91 
182 

91 

182 
91 
18? 

91 
182 

91 
132 

91 
183 



91 
182 

91 

182 

91 
182 

91 
182 

91 
182 

91 
182 

91 
182 

91 
132 

91 

182 

91 

132 

91 
132 

91 
182 

92 
182 

91 
182 

91 
182 

91 
182 



Ajnount 
of bids 
tendered 



$j.':,39 

3,249 

3,752 
3,582 

3,512 
3,575 

3,962 
3,953 



3,7,89 
3,552 

3.454 
3,263 

3,452 
3,564 
3,580 
3,214 

4,165 
3,774 

4,022 
3,776 

3,349 
3,545 

3,975 
3,215 

4,274 
3,430 

3,887 
3,561 

3,795 
3.336 

4,047 
4.341 

3,670 
3,227 

3,475 
2,756 

3,723 
3,474 



3,578 
3,383 

3,693 
3,792 

5,054 
4,251 

3,925 
3,017 

4,117 
3,171 

4,014 
3, WO 

4,207 
3,268 

4,466 
3,719 

3,955 
2,885 

3,618 
4,601 

4,264 
3,651 

3,981 
2,986 

3,721 
3,'i81 

3,746 
3,853 

4,607 
3,072 

4,038 
3,241 



AiiiounT, 
of bids 
accepted 



2,403 
1,902 

2,401 
1,902 

2.400 
1,901 

2,501 
1,593 

2.501 
1,701 

2,502 
1,702 

2,502 
1,701 

2,501 
1,701 

2,503 
1,701 

3,500 
1,701 

2,500 
1,702 

2,501 
1,701 

2,501 

1,702 

2,501 
1,701 

2,503 
1,301 

2,501 
1,902 

2,504 
1,901 

2,504 
1,903 



2,602 
1,904 

2,503 
1,903 

2.601 1/ 
1,901 

2.600 2/ 
1,901 

2,503 y 
1,905 

2.602 1/ 
1,904 

2,602 2/ 
1,901 

2,602 y 
1,901 

2.601 y 

1,902 

2,655 y 
2,007 

2,305 y 
2,004 

2,807 y 
2,002 

2,803 
2,004 

2,805 
2,005 

2,503 
1,802 

2,500 
1,800 



Average rate 
of bids 
accepted 2,.^ 
( Percent) 



5.154 
5. 413 
5.277 
5.541 

5.634 
5.759 



5.180 
6.457 

6.453 
6.747 

6.693 
6.854 

7.137 
7.172 

7.265 
7.255 

7.229 
7.294 

7.985 
8.010 

7.991 
8.013 

7.968 
8.023 

8.113 
3.272 

8.319 

8.476 

3.635 
3.331 

3.023 

8.031 

8.197 
8.440 

7.984 
3.205 



3.29:' 
8.426 

8.260 
8.324 

8.178 
8.175 

7.341 
8.003 

7.803 
8.055 

7.892 
8.4SI 

7.702 
7.876 

7,603 
7.700 

7.698 
8.054 

8.519 
8.660 

8.762 
8.719 

8.845 
8.899 

9.907 
9.930 

9.165 
9.282 

8.185 
8.203 

7.003 
7.928 



increase, or 
decrease (-) 



201 
223 

200 



-100 

-99 

-104 

-101 

-101 

-100 

-103 

-96 

-100 

110 

200 

202 

205 



205 
203 
202 
198 
204 
195 
189 
205 
105 
359 
408 
407 
401 
404 

-197 
-201 



Footnotes at end of table . 



34 



Treasury Bulletin 



PUBLIC DEBT OPERATIONS. 



Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills i/-Continued 



(Dollar amounts In mllllone) 



rxiscrlptlon of la;:uu 





Issue 
date 


Maturity 
ilate 




lQ7.;-0ct 


10 


/'1Q75-Jan. 
( Apr. 


9 






■ 




17 


J Jan. 
\ Apr- 








-■ 




24 


J Jan. 
\ Apr. 


23 






24 




31 


f Jan. 
\ May 


30 








Nov. 


7 


/ Feb. 
\ May 


6 






8 




li 


/ Feb. 
\ May 


13 










21 


/ Feb. 
\ Hay 


20 










29 


/ Feb. 
\ May 


27 






29 


Dec. 


5 


/ Mar. 
\ June 


6 










12 


/ Mar. 
\ June 


13 








a975-Jan. 


2 


/ Apr. 
\ July 


3 






3 




Q . 


/ Apr. 
^ July 


10 










16 


j Apr. 
\ July 


17 






- 




23 


f Apr. 
\ July 


— 






c»* 




30 


/ May 

( July 


1 






31 


reb. 


6 


/ May 
\ Aug. 


8 










13 


f May 


15 










20 


f Way 
1 Au^ . 


.'? 










27 


/ May 

1 Aug. 








:t' 


Mar. 


6 


r June 
< Sept. 


5 






4 




13 


J June 
< Sept. 


12 










20 


r June 


19 










27 


j June 
\ Sept. 


26 






25 


Apr 


3 


/ July 
< Oct. 


7 








10 


/ July 
( Oct. 


^^; 






y 




17 


/ July 

y Oct. 


17 






16 




21, 


/ July 
( Oct. 


21. 






23 


May 


1 


; July 
Oct. 


31 






3U 




8 


/ Aug. 
Nov. 


7 










15 


/ Aug. 
Nov. 


U 






13 




22 


f Aug. 
\ Nov. 


21 






20 




29 


/ Aug. 

\ Nov. 


28 









Number of 
days to 
maturity 



Amount 
of bids 
tendered 



Amount 
of bids 
accepted 



Average rate 
of bids 
accepted 2/ 
(Percent) 



New money 
Increase, or 
decrease (-) 



ql 
182 

91 
182 

91 
182 

Ql 
18? 



91 
182 

91 
182 



91 
182 

91 

IB? 

nl 

If.':' 

ol 
182 

91 
182 

91 
182 

91 
182 

91 
182 

^11 
18,' 



91 
182 

91 
IS-' 

91 
182 

91 
182 



ol 
182 

Ql 

le? 

!?:■ 
J.-. 



91 
183 



■,1-2 

4,169 
2,958 

4,747 
3,249 

3,369 
3,459 

3,412 
3,307 

4,497 
3,856 

3,877 
3,690 
4,110 
3,342 

3,393 
3,819 

5,474 
3,8U 

3,755 
3,705 

4,442 

4,436 

4^915 

4,088 
3,582 

4,085 
4,191 

4,244 
5,044 

4,107 
3,743 
4,096 
4,653 

3,468 
3,822 

3,797 
4,768 

4,511 
5,523 

4,303 
4,533 

4,014 
3,599 

4,598 
4,331 

5,045 
4,361 

4,881 
4,729 

4,094 
4,066 

4,423 
5,479 

4,412 

4,831 



-,f.'l 

4,503 
5,542 

5,057 
4,820 



2i:il 

7iJ.'. 



600 
301 

702 
401 

701 
499 

704 
503 

702 
550 

701 
501 

602 
502 

503 

502 

502 

oni 



7U1 

-■"1 



6.697 
7.364 

7.723 
7.398 

7.525 
7.398 

7.892 
7.766 

7.880 
7.856 

7.604 
7.552 

7.535 
7.428 

7.328 
7.369 

7.524 

7.564 

7.173 
6.911 

7.113 
7.101 

6.698 
6.681 

6.678 
6.646 

6.370 
6.373 
5.606 
5.825 

5.668 
5.736 

5.800 
5.800 

5.408 
5.483 

5.456 
5.675 

5.638 
5.742 

5.622 
5.655 

5.376 
5.473 

5.543 
5.669 

5.562 
5.785 

6.021 
6.352 

5.539 
5.843 

5.653 
6.067 

5.717 
6.158 

5.356 
5.481 

5.183 
5.481 



,115 
.412 

,206 
,469 



201 
201 
202 
200 
247 
199 
197 
198 
198 
190 
196 
202 
205 
201 
294 
392 
394 
405 
446 
394 
496 
599 
702 
805 
795 
799 
797 
804 
801 
801 
795 
801 



Footnotes at end of table. 



June 7977 



33 



PUBLIC DEBT OPERATIONS. 



Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills i/-Continued 



(Dollar amounts in millions 



Description of it^ue 



Issue 
date 



1975- June 



July 



Aug. 



1975- Sept. 



5.. 

12.. 

3.. 
10.. 
17.. 
24., 
51., 

7. 
14. 
21. 
28. 

4. 
11. 
18. 

25. 



16.. 
23.. 



30. 
6. 
U. 
20. 
28. 

4. 

11. 
18. 

26. 

2. 



22. 

29. 



Maturity 
date 



^^ept . 
Dec. 

Sept. 
Dec. 
Oct. 
\1'"'76-Jan. 

/i975-0ct. 
(1976-Jan. 

l975-0ot. 
I 1976Jan. 

ri975-0ct. 
I 1976-Jan. 

(1075 -Oct. 
I 1976-Jan. 

1975-Nov. 
1976-F'eb. 

(1075 -Nov. 
1976-Feb. 

1975-Nov. 
1976-Feb. 

1975-Nov. 
1976-Feb. 

1975 -Dec. 
1976-Mar. 

1975 -Dec. 
1976-Mar. 

1975 -Dec. 
1976-Mar . 

1975 -Dec. 
ln%-Mar. 

Jan. 
Apr. 

Jan, 

Apr. 



Jan. 
Apr. 

,Tan. 
Apr. 

Jan. 
Apr, 

Feb. 
May 

Feb. 
May 

Feb. 
May 

Feb. 

May 

Mar. 
June 

Mar, 
June 

Mar, 
June 

Mar. 
.Tune 



11 
11 

2 
2 



16 
15 

23 
i2 

30 
29 

6 
5 

13 
13 

20 
19 

28 
26 

11 
11 

18 

18 

26 
25 

2 
1 



15 

15 

22 
22 

29 
29 

5 

6 

13 
13 

19 
20 

26 

27 

3 

11 
10 

18 
17 

25 

24 



Apr. 


1 


90 


July 


1 


181 


Apr. 
July 


8 

8 


91 
182 


Apr, 
July 


15 
15 


91 
182 


Apr. 
July 


22 
22 


91 
182 


Apr. 
July 


2=5 
29 


91 
182 



^Jumber of 
days to 
maturity 



91 
182 

91 
182 

91 
183 

ai 
182 

91 
182 

91 

182 

91 
182 

91 
182 

91 
183 

91 
182 

92 
182 

91 
182 

91 
182 

91 
182 

02 
182 

92 
182 

91 
182 

182 

91 

182 

91 
182 

91 
182 

92 
152 

91 
182 

90 
181 

91 
182 

91 
182 

91 
182 

90 
181 



Amount 
of bids 
tendered 



$5,616 
3,898 

4,578 
4,258 
3,811 
3,608 

4,465 
4,505 

5,453 
6,560 

4,505 
5,550 

5,136 
5,262 

5,594 
5,506 

5 , 306 
5,671 

4,735 
5,91s 

4,448 
6,246 

5,368 
6,376 

4,74s 
6,245 

5,0b8 
4,469 

4.608 
5,613 

4,155 
5,762 

3,684 
5,341 

4,125 
4,609 

4,860 
5,072 

4,635 
4,853 

4,992 
5,067 

5,32J 

5,270 

5,6. ■■ 

5,4"';' 

6,400 
6,155 

5,349 
5,202 

4,351 
6,152 

4,451 
4,767 

3,998 
4,606 

4,957 
5,942 

5,084 
6,539 

5,783 
5,457 

4,588 

5,488 

4,774 
5,844 



Amount 
of uids 
accepted 



Average rate 
of bids 
accepted 2/' 
(fercent) 



2,701 
2,606 
2,591 
2,701 
2,701 

2,802 
2,901 

2,806 
2,905 

2,802 
2,901 



904 
902 



3,002 
3,002 

3,001 
3,101 

3,103 
3,202 

3,103 
3,202 

3,105 
3,203 

2,903 
3,202 

2,736 
2,920 



2,702 
2,805 

3,001 
3,103 

3,104 
3,190 

3,000 
3,103 

3,005 
3,102 

2,999 
3,204 

3,203 

3 ,304 



3,231 

3,412 

3,203 
3,401 

2,907 
3,302 

2,702 
3,099 

2,709 
3,107 

2,901 
3,301 

3,004 
3,501 

2,992 

3,403 
3,001 
3,393 

3,102 
3,502 



5.079 
5.284 
6.008 
6.262 

6.204 
6.509 

6.044 
6.343 

6.246 
6.627 

6.318 
6.719 

6.455 
6.864 

6.349 
6,809 

6,453 

7.O1JO 

6.5;'4 
7.085 

6.382 
6.866 

6.389 

6.88° 

6.445 
6,Q01 

6.n5 
6.824 



6.547 
6.981 

6.238 
6.571 

6.045 

6.243 

5,836 
6,156 

5.685 
5.974 

5,602 
5,792 

5,279 
5,483 

5,472 
5,795 

5.521 
5,933 

5,549 
5, '-095 

5,634 
6.143 

5.491 
5.914 

5,340 
5,678 

5.207 
5.508 

5.226 
5.521 

4.827 
5.066 

4.782 
5,046 

4.763 
5.051 



New money 
increase, or 
decrease f-) 



$t9c 

493 

498 

697 
802 
800 
803 

801 
799 

1,000 
952 

1,005 
998 
954r 
704 



702 

690r 

595 
605 
598 
704 

702 

700 
738 

798 

715 

764 

813 

500 
501 

490 
487 
702 



Footnotes at end of table . 



56 



Treasury Bulletin 



PUBLIC DEBT OPERATIONS. 



Table PDO-3. - New Money Financing through Regular Weekly Treasury BillBi/-€ontinued 



letcriptton of ItEue 



Irtue 
date 



jQ7f>-Feb. 5 

2*. 

Apr. 22, 
29, 

toy 6 

13, 
20, 
27, 

June 3. 
10, 
17. 
24. 

July 1. 

8. 

15. 

1977-Apr. 28. 

May 5, 

12, 
19, 

26, 



Maturity 
dale 



^76-Maj' 
Au|^. 

May 

Aug. 

May 

Aug. 

July 
Oct. 

July 

Oct. 

Aug. 
Nov. 

Aug. 
Nov. 

Aug. 
Nov. 

Aug. 
Nov. 

;jept. 

I'ec. 

.?ept. 



^ept, 
Dec. 



Sept. 
Dec. 



Sept. 

Dec. 



1976 -Oct. 
1977 -J-;: . 



J', ,. 
Oct. 



Aug. 
Nov. 



Au^. 
Nov. 

Aug. 



Aug. 

Nov. 



13 
12 

27 
26 

22 
21 

29 
28 

5 

i 

12 
12 

19 

18 

26 
26 

2 
2 

9 
9 

16 

16 



23 

30 
30 

7 
6 



4 
3 

11 
10 

18 
17 

25 
25 



Number of 
dayf to 
maturity 



91 
182 

90 
181 

91 

182 

91 
182 

91 
182 

91 

182 

91 
183 

91 
182 

91 

183 

91 

182 

91 
1 '■'.'■ 

ul 
182 

91 
182 

91 

182 

91 
182 

91 
182 

91 
182 

91 

182 



91 
182 

91 
182 

91 

1--3 



Amount 
of bld.r 
tender*',^ 



3i,505 
6,558 

4,709 
6,212 

4,70j 
5,121 

5,504 
5,370 

5,572 
6,033 

5,557 
7,70? 

5,730 
6,519 

4,624 
6,508 

4,955 
7,382 

3,915 
0,5bV 

7. :■:!'■ 



■; .?''6 

5,523 

4,163 
5,222 

4,251 
7,809 

7,134 

•'-• , 19K 

5,011 
' .S'-5 



6,054 



6, no,. 

4,636 
6,288 

6,503 



$3,109 
3,804 

3,102 
3,902 

2,90C 

3,7"(1 



3,.'.f 
2,6'-' 
3,5" 
2,0 



2,51- 

3,'j 

2,' 

3,' 



2,309 
3,399 

2,103 
3,202 

2,106 
3,103 

2,302 
3,402 

2,505 
3,506 

2,514 

1,501 



2,:«4 

3,307 

2,.'0.'. 
3,302 

2,103 
3,203 

2,100 
3,200 



Average rate 
of bide 
accepted 2/ 
(Percent) 



/. . 81? 



4.920 
5.338 

5.072 
5.425 

5.250 
5.727 

5.495 
5.908 

5.577 
5.952 

5.460 
5.768 

5.380 
5.695 

5.356 
5.722 

5.368 
5.754 

5.411 
5.767 

5.190 
5.430 

4.518 
4.839 

4.807 
5.052 



4.823 
5.131 
4.996 
5.234 
5.142 
5.353 



New money 
increase, or 
decrease (•) 



$708 

700 

199 

-193 

-195 

-209 
-199 
-205 
-211 
-295 
-292 
-291 

-302 
-200 

-188 
-92 

-405 
-702 

-900 

-702 

-910 



Source; See Table PDO-2. 

1/ Excludes issues of strips of additional outstanding 

regular weekly bills for cash on June 5, 19^4 (J801 million). 
Z/ Equivalent average rate on bank discount basis. 
2/ On June 11, 1974, the Treasury announced that the amount of bills 



offered would be $200 million imre than the aniount maturing. It 
stated that a foreign central bank would bid for $200 million of the 
bills in order to achieve a better balance between its holdings of 
special Treasury issues and marketable Treasury issues. 



June 19''7 



PUBLIC DEBT OPERATIONS 



Table PDO-4. - Offerings of Public Marketable Securities Other than 
Regular Weekly Treasury Bills 



37 



Date 3ubscr:p- 


liiue 
date 


Description 


of securities 1/ 


Period to 
maturity 


• Inal 


-:.T:i.t :.'i-.-. T. 


Zi.r'-c 


. .. _ I 




tion books 




In .iy.i.nan^-e 


h.lloX- 


closed or 






.-nent 


tenders re- 








(years, month j, | 






'.'''.. 


r\ilio 


oeived 








days) 2,' 














6/20/74 


7/2/74 


8.256? bill 


7/1/7; 




X'^o 


.-,t/,.; 


. 


1 . ;■ '!■ 


_ 




7/23/74 


7/30/74 


8.049* Bill - 


3/31/75 - FFB 




244d 


■ 4', 321 


_ 


l.:'n 


- 




7/24/74 


7/30/74 


7.336* Bill - 


7/29/75 




364d 


2,573 


- 


1.3IJD 


- 




8/1/74 


8/7/74 


9.655:S Bill - 


9/20/74 - Tax ant. 5/ 




^4d 


4,3r-i 


- 


1,526 


- 




8/6/74 


3/15/74 


9* Note 


5/15/77-D 


2y 9m 




4,441 


:'.9 36 


2 393 


2,9"ol 


^ 


8/7/74 


8/15/74 


9* Note 


8/1 5/3 ^-:'. 


6y 




3,733 


2,461 


1.835 


2.461) 6/ 


12/ 


8/8/74 


3/15/74 


8-1/2* Bond - 


5/15/-).- - ning 


24y 9m 




1,060 


486 


400 


4S6| ~ 


11/ 


8/21/74 


3/27/74 


■T.564* Bill - 


8/2n/,, 




364d 


2,935 


- 


1,303 


- 




8/23/74 


9/4/74 


■■'.7o7' ilill 


6/30/75 




2Wd 


4,93<i 


- 


1' , '3lJ 3 


- 




9/18/74 


9/24/74 


3.341?; Bill 


9/23/75 




364d 


2,'-)80 


- 


1 , 803 


- 




9/24/74 


9/30/74 


8-1/4* Note 


9/30/76-J 


2y 




3,254 


205 


1,818 


20' 1^/ 


13/ 


7/ 


10/1/74 


1-1/2* Note - 


la/l/79-EO 


5y 




- 


1 


- 


1 




10/16/74 


10/22/74 


7.629* Bill - 


10/21/75 




364d 


3 . 580 


- 


2.003 


- 




10/23/74 


11/6/74 


7-7/8* Note - 


5/15/79-D 


4y 6m 




2,274 


- 


1,016 


- 


ii/ 


10/29/74 


11/4/74 


7.933* Bill - 


6/19/75 




227d 


3,860 


- 


1,501 


- 




11/6/74 


11/15/74 


7-3/4* Note - 


11/15/77-E 


3y 




4,403 


1,059 


2,570 


'■^''\./ 


16/ 


11/7/74 


11/15/74 


7-3/4* Note - 


ll/15/81-B 


7y 




3,275 


949 


1,766 


949 M/ 


12/ 


11/8/74 


11/15/74 


S-l/2* Bond - 


5/15/94-99 - Reopening 


24y 6m 




1,816 


333 


'303 


33.3/ 


18/ 


11A3/74 


11A'V74 


7.362* Bill - 


11/18/75 




364d 


3,802 


- 


2,J02 


- 




11/20/74 


12/V74 


7.426* Bill - 


4A6/75 Tax ant. 




134d 


4,-)04 


- 


.3.251 


- 




11/21/74 


12/4/74 


7.5?7«', Bill - 


"Strip " of 5 Series 


( Average 


22d 


1,671 


- 


1 . OJl 


- 




U/26/74 


12/5/74 


7.521* Bill - 


6A7/75 Tax ant. 




l'>4d 


2,481 


- 


1,256 


- 




12/11/74 


12A7/74 


6.625* Bill - 


12/16/75 




364d 


3,74=' 


- 


2, 101 


- 




12/23/74 


12/31/74 


7-1/4* Note - 


12/31/76-:-. 


^'y 




2,807 


77 


2,205 


77 20/ 


21/ 


12/30/74 


1/7/75 


7-7/8* Note 


5/15/79-D-Reopenlng 


4y 4m 




1,760 


- 


1,253 




22/ 


1/2/7. 


1/9/75 


3* Note 


3/31/76-H-Reopening 


ly 3m 




1,915 


- 


75i:, 


- 


2J/ 


1/8/75 


1/14/75 


6.378* Bill - 


1/13/76 




364d 


3,355 


- 


2,301 


- 




1/28/75 


2/18/75 


7-1/8* Note 


5/15/78-D 


3y 3m 




(-.,&» 


b'-'7 


3,263 


.-.•\ 


21/ 


1/29/75 


2/18/75 


7-3/8* Note 


2/15/81-C 


6y 




4,241 


401) 


1,768 


4JuW 


26/ 


1/30/75 


2/18/75 


7-7/8* Bond - 


2/15/95-2000 


25y 




2,2S4 


150 


752 


15I3J 


22/ 


2/5/75 


2/11/75 


5.313* Bill - 


2/10/76 




364d 


3,354 


- 


2,103 


- 




2/19/75 


3/3/75 


h-7/8% Note - 


8/31/7e^L 


ly 6m 




2,967 


- 


1,662 


- 


2£/ 






\6* Note 


2/28/77-F 


2y 




3,139 


- 


1,665 


- 


22/ 


3/5/75 


3/11/75 


5.637* Bill - 


3/9/76 




364d 


4,272 


- 


2,102 


- 




3/11/75 


3/19/75 


7-3/4* Note 


11/15/81-B-ReopeninR 


6y 8m 




3,433 


- 


1,7.;.2 


- 


J2/ 


3/13/75 


3/ 25/75 


6* Note 


5/31/76-M 


ly 2m 




Z,993 


- 


l.=.3.J 


- 


^ 


3/18/75 


3/31/75 


6-1/2* Note 


3/31/77-G 


2y 




2,961 


- 


2,576 


- 


w> 


3/20/75 


4/7/75 


8-1/4* Bond 


5/15/90 


15y Im 




2,398 


- 


1.247 


" 


13/ 


4/1/75 


4/8/75 


7-1/8* Note 


11/30/76-N 


1^ 8m 




3,796 


- 


1 . -■ 0- 


- 


ii/ 


2/ 


vl/75 


1-1/ 2^ Note 
6.475? Bill - 


4/1/80-EA 


5y 


3643 


3,135 


2 


- 


2 




4/2/75 


4^/75 


4/6/75 


2,205 






4/8/75 


4/U/75 


6.560* Bill - 


1/31/76 




292d 


3,681 


- 


1 , 536 


- 




4/15/75 


4/30/75 


7-3/8* Note - 


4/30/77-H 


2y 




4,158 


- 


1,570 


- 


ii/ 


4/30/75 


5/6/75 


6.400* Bill 


5/4/76 




364d 


4,427 


~ 


2,435 


" 




5/6/75 
5/7/75 
5/8/75 


5/15/75 
5/15/75 
5/15/75 


7-5/8* Note 
8* Note 
8-1/4* Bond 


8/15/78-E 
5/15/82-A 
5/15/00-05 


.3y 3m 

7y 

30y 




5,390 
3,865 
1,843 


2,300 

1,233 

850 


2,855 
1,514 

754 
2,137 
1,57a 

2,404 


2,300'^ 


i£/ 
12/ 

Al/ 


5/14/75 


5/27/75 


6-3/4* Note 


5/31/77-1 


2y 




3,572 


" 




5/22/75 


6/6/75 


6-1/2* Note - 


10/31/76-0 


ly 5m 




2,666 


" 




5/28/75 


6/3/75 


5.803* Bill 


6/1/76 




364d 


3,851 








6/17/75 
6/24/75 
6/25/75 


6/30/75 
7/1/75 
7/0/75 


6-1/2* Note - 
6.292* Bill 
7-3/4* Note - 


6/30/77^ 

6/29/76 

6/30/79-E 


2y 

4y 


364d 


2,775 
3,321 
5,384 


- 


2,170 
2,591 
1,782 


- 


i2/ 


7/17/75 


7/31/75 


7-1/2* Note 


7/31/77 -K 


2y 




5 , 3°1 


- 


1,516 


- 


uJ 


7/24/75 


7/29/75 


6.782* Bill 


7/27/76 




364d 


4,591 


- 


2 , 293 
3,051 


■ 


^ 


7/29/75 


8/15/75 


7-7/8* Note 


5/15/78-F 


2y 9m 




5,657 


1,372 


1,37a 

Q02)Ay 
• 


7/30/75 


8/15/75 


8-1/8* Note 


3/15/82-B 


7y 




3,670 


002 


2,017 


iZ/ 


7/31/75 


8/15/75 


8-3/8* Bond 


8/15/95-2000 


25y 




1,978 


31" 


801 


iS/ 


8/7/75 


8/8/75 


6.280* Bill 


8/26/75 - Reopening 




18d 


b,66Q 


- 


1,000 


~ 




8/U/75 


8/29/75 


S-1/4* Note 


8/31/77-L 


2y 




4,956 


- 


2,u.il 
2,393 


" 


A2/ 


8/20/75 


8/26/75 


7.331* Bill 


8/24/76 




364d 


7,121 


- 


' 


1 


8/21/75 


9/4/75 


8-1/2* Note 


9/30/79-F 


4y Im 




4.362 


- 


2,081 


" 


1 5^ 


9/4/75 


a/5/75 


6.175* Bill 


9/18/75 - Reopening 




13d 


3,000 


- 


S40 


" 




9/4/75 


9/5/75 


6.156* Bill - 


9/25/75 - Reopening 




20d 


3,236 


" 


700 






9/16/75 


9/30/75- 


8-3/8* Note - 


9/30/77-M 


^y 




, 6\'^- 


3> 


3,192 
2.358 
2,115 


53 ly 


il/ 


Q/17/-5 
9/24/75 


9/2^/75 
10/7/75 


7.333* Bill 
8* Note 


9/21/76 
2/28/78-G 


2y 5m 


364d 


6,133 
3,972 


- 


) 


22/ 


2/ 


10/1/75 


1-1/2* Note 


10/1/80-EO 


5y 




" 










10/7/75 


10/22/75 


8-1/3* Note - 


12/31/78-H 


3y 2m 




3,331 


- 


2,517 

7 n62 


~_ 


■2k/ 


10/15/75 


10/21/75 


6.60W Bill 


10/19/76 




364d 


3,856 
4,719 
4,461 
2,246 


" 


3 156 




a/ 

.58/ 


10/16/75 


10/31/75 


7-1/2* Note 


10/31/77-N 


2y 




3.?4 
150 


2 517 


38iV^/ 


10/29/75 


11/17/75 


7-7/8* Note 


11/15/82-C 


7y 




1 001 


15oK 


10/30/75 


11/17/75 


8-3/8* Bond - 


8/15/95-2000-Reopeninf! 


24y 9m 






) 



Footnotes at end of table. 



38 



Treasury Bulletin 



PUBLIC DEBT OPERATIONS, 



Table PD04. - Offerings of Public Marketable Securities Other than 
Regular Weekly Treasury Bills— Continued 









(Dollar amounts 


In millions) 




























Amount issued 3/ 1 




Ptile subscrip- 


Issue 




n of securities 1/ 


Period to 
maturity 
(years, mc 
days) 2/ 


final 


Amount of s 
scrlptlons 


i;b- 
tendered 








tion books 






Allot- 


closed OP 
lenders re- 
ceived 


dote 


t'eacrlptlc 


nths. 


Cash 


Exchange 


For 
cash 


In exchange 


ment 
ratio 


11/1,1/"'' 


ll,/lS/75 


6.01M Bill - 


11/15/76 




363d 


5,482 


- 


",245 


- 




12/2/-5 


12/5/75 


5.822* BUI - 


4/22/76 - Reopening 




139d 


5,289 


- 


.-' .00.^ 


- 




12/5/75 


12/8/75 


5.22C* BUI - 


12/16/75 - Reopening 




lOd 


1,657 


- 




- 




12/5/75 


12/8/75 


5.140« Bill - 


12/26/75 - Reopening 




18d 


1,977 


- 


■ 1 


- 




12/10/75 


12A6/75 


6.440* Bill - 


12A4A6 




364d 


6,013 


- 


1 2^1 


- 


22/ 
62/ 


12/16/75 


12/31/75 


7-1/4* Note - 


12/31/77 -P 


2y 




4 , ■ ■> ' 


212 


2,55 3 


21,' 


12/22/75 


1/6/76 


7-1/2* Note - 


12/31/79 -C 


4y 




4 , ?-'*: 


- 


2,006 


- 


1/7/76 


• 1/13/76 


5.578* Bill - 


1/11/77 




364d 


i,<«ll 


- 


3,06',t 


* 


61/ 
62/ 
62/ 


1/13/76 


1/26/76 


7-3/8* Note - 


5/15/81-D ■ 


5y 4in 




3,32-' 


- 


^ ■':''!' ,' 


" 


l/U/76 


2/2/76 


6-3/8* Note - 


1/31/78-J 


2y 






- 


■ « - ■ '■ 




2/3/76 


2/17/76 


8* Note - 


2/15/83-A bj 


7y 






1. ■' ■ 




1,939 


2/4/76 


2/10/76 


5.572* Bill - 


2/8/77 








- 




- 


64/ 


2/5/76 


2/17/76 


7* Note - 


2/15/""-" 


3y 




-,.,cl 


-,'-'-'- 




1,600 


2/5/76 


2/17/76 


8-1/4* Bond - 


5/15/. - ,ening 


29y 3m 




712 


215 


"■■■-- 


215 


65/ 


2/20/76 


3/3/76 


6-5/8* Note - 


11/30/V, -, 


ly 9ni 




4,959 


- 


z,u^S 


- 


66/ 


3/3/76 


3/9/76 


6.010* Bill - 


3/8/77 




364d 


5,666 


- 


3,105 


- 


62/ 


3/5/76 


3/17/76 


7-1/2* Note - 


3/31/80-C 


4y 




5,507 


- 


2,069 




3A8A6 


3/31A6 


6-3/4* Note - 


3/31A8-K 


2y 




4,851 


97 


3,066 


97 


62/ 


7/ 


4/1A6 


1-1/2* Note - 


4/1/81- EA 


5y 




_ 


» 


_ 


t 




3/2i/76 


4/5/76 


7-3/8* Note - 


2/15/81- E 


4y 10-1/2 


m 


5,180 


_ 


2,628 


_ 


62/ 


3/29/76 


4/6/76 


5.781* Bill - 


4/5/77 




364d 


6.046 


- 


3,203 


- 




4/29/76 


5/4/76 


5.645* Bill - 


5/3/77 




364d 


5,()fc? 


- 


3,335 


. 




5/4/76 


5/17/76 


6-1/2* Note - 


4/30/78-L 


2y 




4,71." 


300 


2,274 


300 


22/ 


5/5/76 


5/17/76 


7-7/8* Note - 


5/15/86-A 6/ 


lOy 




a,a:( 


■ 472 


*'?t? 


472 


21/ 


5/7/76 


5/17/76 


7-7/8* Bond - 


2/15/95-2000-Reopening 


23y 9m 




1,525 


117 


117 


v-a/ 


5A9/76 

5/26/76 

6/7/76 

6/3A6 


6A/76 
6/1/76 


7-1/8* Note - 
6.309* Bill - 


5/31/78-M 
5/3 V77 


2y 


364d 


4,952 
4,381 


82 


2,485 
2,921 


82 


nrj/ 


6/8/76 
6/10/76 


5.520* Bill - 
7-5/8* Note - 


6A7/76-Reopening 
6/3O/8O-D 


4y Im 


9d 


6,007 
5,246 




2,010 
2,ic5 




TV 


6/23/76 


6/20/76 


6.081* Bill - 


6/28/77 




364d 


4,856 


- 


2,612 


- 


25/ 
26/ 


6/21/76 


6/30/76 


6-7/8* Note - 


6/30/78-N 


2y 




4,296 


692 


2,638 


692 


6/29/76 


7/9/76 


7-5/8* Note - 


8A5/81-F 


5y IJB 




5,581 


- 


2,586 


" 


7/21/76 


7/27/76 


5.739* Bill - 


7/26/77 




364d 


5,663 


- 


2,977 


- 


22/ 


7/20/76 


7/30/76 


-■,_-,'/,^ !JntP _ 


"/ - i , 7- -7 


2y 




4,829 


- 


2,855 


~ 


8/3/76 

P/4/76 


8/16/76 
0, /J ft/76 


Mona - 


■"'■01 


3y 
LOy 
!5y 




5,693 

24,426 

2,556 


700 

1,476 

592 


2,289 

8,039 

983 


700 

1,476 

592 


22/ 
22/ 






, >14* Bill - 






364d 


4,934p 


- 


2,953p 


- 




-',19/76 


V31//f> 


O7V8* Note ^ 
6-7/8* Note - 


9/30/80-E 


2y 

4y 




4,827 
5,442 


54 


2,895 
2,141 


54 


81/ 

81-A/ 


8/31/76 


9/U/76 




in/1 '76 
9/aA6 


1-1,.'?« Note - 


10/1/81-EO 


5y 


364d 


6,404p 


H 


2,867p 


¥ 




9/15/76 


5.561* Bill - 


^/2a/n 




9/21/76 2,' 


9/30/76 


6-1/4* Note - 


9/30/78-R 


2j- 




5,5;-5 


326 


2,S68 


326 


82/ 


9/28/76 


10/12/76 


7* Note - 


11/15/81-0 


5y 




4,205 


- 


2, 543* 


- 


82/ 


10A3/76 


10/19/76 ■ 


5.126* Bill - 


10/18/77 




;faii 


5,21op 


- 


3,095p 


- 




10/21/76 


11/1/76 


5-7/8* Note - 


10/31/78.5 


2y 




4,324 


98 


2,822 


98 


84/ 


11/3/76 


11/15/76 


6-1/4* Note - 


11/15/79-K 


3y 




5,669p 


70 


3,284p 


70 


85/ 


U/4/76 


11/15/76 


7* Note - 


11/15/83-B 


7y 




6,469p 


50 


2,235p 


50 


S6/ 


11/5/76 


11/15/76 


7-7/8* Bond - 


2A5/°- - -ening 


!3y 3iii 




1,544P 


- 


l.OOCp 


- 


82/ 


11/9/76 


11/15/76 


5.201* Bill - 


11/15/- 




365d 


5,370p 


- 


3 , 306p 


- 




11/18/76 


11/30/76 


5-3/4* Note - 


11/30/78-T 


2y 




4,088p 


136 


2,803p 


136 


82/ 


11/30/76 


12/7/76 


5-7/8* Note - 


I2/3I/8O-F 


4y Im 




5,621p 


- 


2,692p 


- 


22/ 


12/7/76 


12A0/76 


4.448* Bill - 


4/21/77 -Reopening 




132d 


4,695p 


- 


2,000p 


- 




12/8/76 


12/14/76 


4.708* Bill - 


12/13/77 




364d 


6,688p 


- 


3,253p 


- 




l^/JO/76 


12/31/76 
1/36/77 


5-1/4* Note - 


I2/3IA8-U 


2y 




6,597p 


252 


3,125p 


252 


22/ 


12/28/76 


6-1/8* Note - 


2/1 5/3 2- D 


5y Im 




5,318 


_ 


2,697p 


_ 


21/ 


l/05/r7 


1/11/77 


4.728* Bill - 


1/10/7S 




364d 


7,053p 


_ 


3,071p 


_ 




1A9/77 


2/b3/V7 


5-7/8* Note - 


l/31/79-L 


2y 




5,358p 


. 


2,839p 




22/ 
22/ 


2/01/77 


2/15A7 


«^l/2* Note - 


2/15/80-0 


3y 




6,166p 


1,300 


3,284p 


1,300 


2/02/77 


2/03 A7 


5.345* Bill - 


2/07/78 




364d 


5,734r 




2,930p 




2/03/V7 


2/15/77 


7-1/4* Note - 


2A5/84-A 


7y 




4,75,t 




2,000p 


881 


24/ 
21/ 


2/04 A7 


2/15A7 


7-5/8* Bond - 


2/15/2002-07 3 


Oy 




2,3'"'l; 


,"■ 


751p 


391 


2/17/77 


2/28/77 


5-7/8* Note - 


2/28/79-M 


2y 




6,i-'..: 


150 


2,692p 


150 


26/ 


2/23/77 


3/8/77 


6-7/8* Note - 


3/31/81-H 


4y In 




5,061; 




2,800p 




22/ 


3/2/77 


3/8/77 


5.226* Bill - 


3/7/78 




364d 


6,264p 


- 


3,207p 


- 




3/22/77 


3/31/77 


6* lIote^^T" 


3/31/79^ 


!y 




47789P 


523 


27995p 


523 


22/ 


3/29/77 


4/4 ,'77 


7* Note - 


5/1 5/82 -F 


>y lit 




3,911p 




2,607p 




22/ 


3/30/77 


4/5/77 


5.158* Bill - 


4/4/78 




364d 


6,986p 


_ 


3,341p 


_ 




4/1/77 


'•¥71 


4.632* Bill - 


4/21/77-Iv 




15d 


14,940 


_ 


4,506 






4/19/77 


5/2/77 


5-7/8* Note - 


4/30/79- r 


2y 




3,239p 


110 


l,882p 


uo 


100/ 


4/27/77 


5/3/77 


5.163* Bill - 


5/2/78 




364d 


6,196p 


_ 


2,966p 






^'?^ 


5/16/77 


7-1/^* Note - 


2A5/.'>.'.-A-R'Tj^T'.lnr 


6y 9 m 




6,101p 


2,623 


2,850p 


2,623 


101/ 


•>/i./n 


5A6/T7 


7-5/8* Bond - 


2/1 ' - nlng 2 


9y 9 m 




2,f?^-y 


900 


l,000p 


900 


102/ 


5/18/77 


5/31/77 


6-1/8* Note - 


5/- 


^y 




4,223c 


190 


l,898p 


190 


103/ 


5/24/77 


b/yn 


6-3/4* Note - 


6A'^/-i-..: 


iy In 




4,777p 




2,514p 






5/25/77 


5/31/77 


5.403* Bill - 


5/30/78 




■64d 


4,971p 


- 


2,454p 


- 


- 



1/ 



^ 






SoiiTce; Bureau of the FoibHc Debt. 

Hote: All 3<^'^.r!^!e- f'^xr-fyA "A '. ?r r.-rrt(^:;\ except i 
were 
For bi i 

valent - ; -r 

securitiea iasued at pur exoept Uiooe bearing t'ooutote o anO Uvose 
sold at auction. For details of bill offerings see Table PDO-2. 
Fr— ^' •" •' additional issue in case of a reopening. 

the amount issued is In addition to the amount of 
rings. 



A/ 

6/ 
2/ 



S/ 



For securities r the new issues see Table PDO-7. 

Tax anticipatl ■ epted at face value in payment of income 

taxes due on the iSth d:" the month in which the bills nature. 

Sold at fixed price by subecription. 

Exch^^ir,*-'' ::-or::ir 'jviilible to fflmers of nonnarke table 2-3/4$ Treasury 

bo::' ~:975-S0, dated April 1, 1951. For further 

Ini" - offering see Treasury Bulletin for April 

191;.. ,... 

Issued to Federal Reserve banks and Government accounts in exchange 
for notes naturlng August 15, 1974. 



///;/(' 19^7 



39 



PUBLIC DEBT OPERATIONS 



Footnotes to Table PDO^. 



Prices accepted ranged from 101.23 (yield 3.^3^) down to 100,86 

(yield 8.65?) with the average at 101.00 (yield 8.59S). 

Prices accepted ranged from 101.50 (yield 3.67^) down to 101,01 

(yield 8.78?) with the average at 101.15 (yield 3.75*). 

Prices accepted ranged from 99.76 (yield 8.52?) down to 98.00 (yield 

8.70?) with the average at 98.70 (yield 8,53?) . 

Issued to Federal Reserve banks and Government accounts in exchange 

for notes maturing September 30, 197A. 

Yields accepted ranged from 8.39? (price 99.75) down to 8.20? (price 

100.09) with the average at 3,3A? (price 99.8^). 

Yields accepted ranged from 7.93? (price 99,787) down to 7.73? 

(price 100.3-49) with the average at 7.89? (price 99.937). 

Issued to Federal Reserve banks and Government accounts in exchange 

for securities maturing November 15, 197A. 

Yields accepted ranged from 7.87? (price 99.685) down to 7.78? 

(price 99.921) with the average at 7.85? (price 99.737). 

Yields accepted ranged from 7.86? (price 99,416) down to 7.75? 

(price 100.000) with the average at 7.82? (price 99.528). 

Prices accepted ranged from 103.50 (yield 8.17?) down to 102.79 

(yield 8.23?) with the average at 103,04 (yield 8.21?) . 

Sale of a "strip" of Treasuiy bills consisting of an additional $200 

million of each weekly series maturing from December 12, 1974, 

through January 9, 1975, 

Issued to Federal Reserve banks and Government accounts in exchange 

for notes maturing December 31, 1974. 

Yields accepted ranged from 7.37? (price 99.731) down to 7.15? 

(price 100.183) with the average at 7.32? (price 99.872). 

Prices accepted ranged from 102.20 (yield 7.27?) down to 101,80 

(yield 7,37?) with the average at 101.95 (yield 7.33?), 

Prices accepted ranged from 100,91 (yield 7,18?) down to 100,80 

(yield 7,27?) with the average at 100,84 (yield 7.24?). 

Issued to Federal Reserve banks and Government accounts in exchange 

for notes maturing February 15, 1975, 

Yields accepted ranged from 7.17? (price 99.814) up to 7,23? (price 

99.643) with the average at 7.21? (price 99,700). 

Yields accepted ranged from 7.40? (price 99.881) up to 7.52? (price 

99.311) with the average at 7,49? (price 99,453). 

Yields accepted ranged from 7.89? (price 99.837) up to 7.96? (price 

99.034) with the average at 7.95? (price 99.191). 

Yields accepted ranged from 5.38? (price 99.993) up to 5.98? (price 

99.852) with the average at 5.94? (price 99.908), 

Yields accepted ranged from 5,97? (price 100.055) up to 5.12? (price 

99.778) with the average at 5.09? (price 99.834) . 

Prices accepted ranged from 101.51 (yield 7.45?) down to 101.07 

(yield 7.54?) with the average at 101.21 (yield 7.51?). 

Yields accepted ranged from 5.90? (price 100,082) up to 5.01? (price 

99.757) with the average at 5.98? (price 99,991) . 

Yields accepted ranged from 5.40? (price 100,185) up to 5,60? (price 

99.815) with the average at 6,51? (price 99,982). 

Yields accepted ranged from 8.15? (price 100.825) up to 8.37? (price 

98.947) with the average at 8.31? (price 99.455). 

Yields accepted ranged from 6.95? (price 100.234) up to 7.19? (price 

99.855) with the average at 7,15? (price 99.926). 

Yields accepted ranged from 7.37? (price 100.009) up to 7.45? (price 

99.863) with the average at 7.43? (price 99.900). 

Issued to Federal Reserve banks and Government accounts in exchange 

for notes maturing May 15 , 1975 . 

Yields accepted ranged from 7.50? (price 100.001) up to 7.74? (price 

99.W14) with the average at 7.70? (price 99,717), 

Yields accepted ranged from 7.95? (price 100.212) up to 8.02? (price 

99.394) with the average at 8.00? (price 100.000). 

Yields accepted ranged from 8,25? (price 100,000) up to 8,32? (price 

99.232) with the average at 8.30? (price 99.450). 

Yields accepted ranged from 6.79? (price 99.924) up to 6.92? (price 

99.683) with the average at 5.86? (price 99.794). 

Yields accepted ranged from 6.38? (price 100.158) up to 6.58? (price 

99.895) with the average at 6.54* (price 99.947). 

Yields accepted ranged from 6.50? (price 100.000) up to 5.69? (price 
99.550) with the average at 6.51? (price 99.797), 

Yields accepted ranged from 7,74? (price 100,034) up to 7.85? (price 
99.564) with the average at 7.83? (price 99.731). 

Yields accepted ranged froi 7.49? (price 100.018) up to 7.53? (price 

99.945) with the average at 7.52? (price 99.953), 

Issued to Federal Peserve banks and Government accounts in exchange 
— for notes maturing August 15, 1975, ^ 7 . 

i5/ Yields accepted ranged from 7.75? (price 100.233) up to 7.97? (price 

99.595) with the average at 7.94? (price 99.768). 
42/ Yields accepted ranged from 8,05? (price 100,343) up to 8.18? (price 

99.711) with the average a t 8a4?^(prlceJ>9,921) , 

48/ Yields Accepted ranged from 8. 33?"T"price 99.9485^? to 8,48? (price 

98 917) with the average at 8,44? (price 99.327) . 

Yields accepted ranged from 8.15? (price 100.180) up to 8.29? (price 
99.925) with the average at 8,25? (price 99.998), 

Yields accepted ranged from 3.45? (price 100.145) up to 8.56? (price 
99,773) with the average at 8.54? (price 99.840). 

Issued to Federal Reserve banks and Government accounts in exchange 
for notes maturing September 30, 1975. 

Yields accepted ranged from 8,40? (price 99,955) up to 8,45? (price 
99.347) with the average at 8.44? (price 99.833). 
Yields accepted ranged from 8.05? (price 99.893) up to 8.13? (price 

99 722) with the average at 8.10? (price 99.786) , 

Yields accepted ranged from 8.06? (price 101,121) up to 8,19? (price 
99.751) with the average at 3.14? (price 99,899), 

Yields accepted ranged from 7,47? (price 100,055) up to 7,59? (pri.-e 
99.835) with the average at 7.55? (price 99.909). 

^ Issued to Federal Reserve banks and Government accounts in exchange 
for notes maturing 11/15/75. ._ _ 

JTT^Telds accepted" raSged" from 7.87? (price 100.027) up to 7.95? (price 
99,503) with the average at 7,92? (price 99.752), 



2/ 
10/ 
11/ 
12/ 

w 
w 

17/ 
18/ 
12/ 

20/ 
21/ 
22/ 

22/ 
24/ 
21/ 
26/ 
22/ 
28/ 

22/ 

JO/ 

2i/ 
22/ 
22/ 
2U 
2i/ 
2b/ 
12/ 

i2/ 
40/ 

a/ 

42/ 
i2/ 
44/ 



42/' 

a/ 

iZ/ 

i2/ 

a/ 



58/ 
59/ 
60/ 



55/ 
65/ 
62/ 
63/ 
62/ 
70/ 
21/ 
72/ 



Prices accepted rangel from 101.73 (yield 8,21?) dom to 101,34 

(yield 8.24?) with the average at 101.50 (yield 8.23?). 

Yields accepted ranged from 7.24? (price 100.018) up to 7.31? (price 

99.890) with the average at 7.28? (price 99.945). 

Yields accepted ranged from 7.43? (price 100.238) up to 7.53? (price 

99.898) with the average at 7.50? (price 100.0(X>) . 
61/ Yields accepted ranged from 7.35? (price 100.108) up to 7.42? (price 

99,805) with the average at 7,40? (price 99,892), 
62/ Yields accepted ranged from 5.41? (price 99.935) up to 5.51? (price 

99,751) with the average at 5,49? (price 99,783), 
53/ All accepted subscriptions were awarded at the price of 100.00 

(yield 8.00?) , 
64/ Yields accepted ranged from 7,00? (price 100.000) up to 7.09? (price 

99.751) with the average at 7.05? (price 99.857), 

Prices accepted ranged from 102.14 (yield 8.05?) down to 101.42 

(yield 8.12?) with the average at 101.75 (yield 8.09?). 

Yields accepted ranged from 6.57? (price 100.039) up to 6.54? (price 

99.925) with the average at 6.62? (price 99.957) . 

Yields accepted ranged from 7.50? (price 99.990) up to 7.55? (price 

99.818) with the average at 7,54? (price 99.853). 

Yields accepted ranged from 6.71? (price 100.074) up to 6.30? (price 

99.908) with the average at 6.75? (price 99.982) . 

Yields accepted ranged from 7.35? (price 100.101) up to 7.39? (price 

99.940) with the average at 7.33? (price 99.980), 

Yields accepted ranged from 5,59? (price 99.837) up to 5.53? (price 

99.755) with the average at 6.61? (price 99.301) . 

All accepted subscriptions were awarded at the price of 100.00 

Prices accepted ranged from 97.50 (yield 8.11?) to 95.35 (yield 
8.22?) with the average at 96.73 (yield 8,19?). 
7i/ Yields accepted ranged from 7.08? (price 100.082) up to 7,19? 

(price 99,381) with the average at 7,16? (price 99,935), 
74/ Yields accepted ranged from 7,68? (price 99,796) up to 7,73? 

(price 99,625) with the average at 7,71? (price 99,693). 
75/ Yields accepted ranged from 5.95? (price 99.844) up to 7,01? 

(price 99,752) with the average at 5.99? (price 99.789), 
26/ Yields accepted ranged from 7.60? (price 100,075) up to 7,54? 

(price 99,900) with the average at 7,63? (price 99,951). 
22/ Yields accepted ranged from 6,90? (price 99,953) up to 6.95? (price 
99 843) with the average at 5.95? (price 99.861). 

Yields accepted ranged from 6.88? (price 99.987) up to 5.92? (price 
90.880) with the average at 6.91? (price 9Q.907). 

All accepted subscriptions were awarded at the price of 100.00 (yield 
8.00?). 

Yields accepted ranged from 7,98? (price 100,215) up to 8,03? (price 
QQ 679) with the average at 8.01? (price aq.gcil). 

Yields accepted ranged from 6,59? (price 100.065) up to 5.59? (price 
aa 880) with the average at 5.57? (price 99,917), 

Yields accepted ranged from 6,90? (price 9°. 903) up to 5.94? (pricE 
aQ.764) with the average at 5.93? (price 99.799). 
32/ Yields accepted ranged from 5.27? (price 99.963) up to 5,32? (price 

99.870) with the average at 5.30? (99.907). 
8^ Yields accepted ranged from 7.02? (price 99.394) up to 7.10? (price 

99.557) with the average at 7.08? (price 99.541) . 
84/ Yields accepted ranged from 5.88? (price 99.991) up to 5.99? (price 

99.787) with the average at 5.95? (price 99.842). 
B^ Yields accepted ranged from 5,32? (price 99.811) up to 5.37? (price 
99.577) with the average at 6.35? (price 99.704). 

Yields accepted ranged from 7.00? (price 100.000) up to 7.02? (price 
99.891) with the average also at 7.02?. 

Prices accepted ranged from 101.05 (yield 7.77^) down to 100.58 
(yield 7.82?) with the average at 100.79 (yield 7.80?). 
Yields accepted ranged from 5.75? (price 99.981) up to 5.94? (price 
99.547) with the average at 5.85? (price 99.795). 

Yields accepted ranged from 5.87? (price 100.007) up to 5.92? (pric- 
99.329) with the average at 5.^1? (price 99.864). 

Yields accepted ranged from 5.29? (price (99,925) up to 5.38? (price 
99 757) with the average at 5,37? (price 99.775). 
Yields accepted ranged from 6,15? (price 99,372) up to 6.20? (price 



86/ 
§2/ 
38/ 
89/ 
90/ 



91/ . ^ „ 

99.656) with the average at 6.19? (price 99,599). 
92/ Yields accepted ranged from 5,94? (price 99.880) up to 5.99? (price 

90 787) with the average at 5.97? (price 99.824). 
r2/ Yields accepted ranged from 5.55? (price 90.339) up to 5,64? (price 

99.625) with the average at 6.62? (price 99.673), 
94/ Yields accepted ranged from 7,21? (price 100,217) up to 7,27? (price 

09 892) with the average at 7,25? (price 100,000), 
95/ Yields accepted ranged from 7,58? (price 100.530) up to 7.63? (price 

00 941) with the average also at 7.63?. 
26/ Yields accepted ranged from 5.95? (price 99.861) up to 5.9^4 (price 

90 785) with the average at 5,98? (price 99.805). 
22/ Yields accepted ranged from 6.85? (price 100. 07^ up to 5.90? (price 

QQ 808) with the average at 5,88? (price 00. 968), 
28/ Yields accepted ranged from 5,9<» (price 100, Olo) up to 6,03? (price 

99.044) with the average at 6.02? (price 99.963). 
22/ Yields accepted ranged from 5.Q8? (price 100.058) up to 7.03? (price 

OQ.845) with the average at 7,02? (price 99,889), 
100/ Yields accepted ranged from 5.84? (price 100.065) up to 5.89? (price 

99.972) with the average at 5.87? (price 100.009). 
101/ Prices accepted ranged from 100.00 (yield 7.24?) down to 99.76 (yield 

7.29?) witll the average at 99.81 (yield 7.28?). 
102/ Prices accepted ranged from 98.54 (yield 7.75?) down to 98.13 (yield 

7.78?) with the average at 98.25 (yield 7.77?). 
102/ Yields accepted ranged from 6.20* (price 09. 361) up tu 6,25? (price 

oq 768) with the average at 6.23? (price 99.805). 
104/ Yields accepted ranged from 6.75? (price 99.984) up to 5.82* (price 

99.738) with the average at 6,80? (price 99.808). 
* Less than $500,000, 

p Preliminary. 



dO 



Treasury Bulletin 



PUBLIC DEBT OPERATIONS. 



Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount 
Other than Advance Refunding Operations 



;'t.'rtcrirtion oi* securltlo:^ 


Date of 
finfuicin^: 


Amount issued 
(In miUlona) 


Average price 
per hundred 


Effective 
Interest 


Eligible securities 


ej:.jl.'uire.i 


6-1/M IJote 


0/'U/77,I 


6/30/75 


$2,170 


$99,797 


6.6:£b 


// 






7-1/2": Note 


7/:U/77-K 


7/31/75 


1,516 


99.963 


7.52 


!■'' 










's/15/70 


75." 
1,512 


99.75 
99.75 


7.80 
7.80 




- 


8/15/70-D 
6/ 15/70 


7-JMt Note 


8/15/77-B 




2,264 














8/31/77-L 


^S/15/73 
8/29/75 


f "^ 


99.07 
99.07 
99.07 

99.998 


7.92 
7.92 

8.25 


4X 
2/ 

2/ 


Note - 

Bond 


8/15/73-B 
3/15/73 




2,654 




8-1/4* Note 


2,021 




S-3/8 Note 


9/30/77-M 


9/30/75 


! 3,193 

( 

3,226 


•'-.ft' - 


8.44 
8.44 


2/ 
8-3/8 


Note - 


9/30/75 -G 


7-1/2* Note 


10/31/77-N 


10/31/75 


3,156 


99.Q( Q 


7.55 


2/ 






7-3/4* Note 


11A5/77-E 


11/15/74 


/ 1,059 
2,570 


:,c..7^7 
'•^■.7::7 


7.t-'5 
7.85 


5-3/4* 
2/ 


Note - 


11/15/74-A 


6-5/8* Note 


11/30/77-Q 


3/3/76 


3,630 
2,628 


99.957 


6.62 


2/ 






7-1/4* Note 


12/31/77- P 


12/31/75 


2,765 


"9.945 
99.°45 


7.52 
7.52 


2J 


Note - 


12/31/75-H 


1978 
6-3/S* Note 


i/3iAe^ 


2/2/76 


2,--- 


r. -._"-■, -■ 


6.49 


ZJ 






8* Note 
6-3/4* Note 


2/28/78-G 
3/31/78-K 

4/30/78-1 


10/7/75 
3/31/76 

5/17/76 


, 2,il5 
/ 97 
\_ 3,066 


, .,-, 


6.61 
6.61 


ZJ 
8* 
2/ 

5-3/4* 
2/ 


Note - 
Note - 


3/31/76-H 




-,162 




6-1/2* Note 


( 

\ 2,274 


5/15/76-E 








2,574 












7-1/8* Note 


5/15/78-D 
5/15/78-F 


2/18/75 
8/15/75 


578 
/ 118 
I 3,264 


99.7.Jij 


7.21 
7.21 
7.21 

7.94 
7.94 


5-3/4* 
5-7/8* 
2/ 

5-7/8* 
2/ 


Note - 
Note - 

Note - 


2/15/75-A 
2/15/75-E 




3,960 




7-7/8* Note 


/ 1,372 
V 3,051 


8/15/75-C 








4,423 












7-1/8* Note 


5/31/Va-l.l 


6/1/76 


/ «2 

\ 2,485 


Qa,QT6 


7.16 
7.16 


2/ 


Note - 


5/31/76-M 




6/30/7&-N 


6/30/76 


2,567 




■ 


8-3/4* 
2/ 


Note - 




£-7/8* Note 


69? 
V 2,638 

3,331 


6/30/76-1 


6-7/8* Note 


7/31/78- P 


7/30A6 


2,855 


99. f-: 


6.95 


2/ 






e-3'4* Note 


8/15/78-0 
8/15/78-E 


5/1 5 A4 
5/15/75 


, 343 
/ 240 
\^ 1,880 


99.717 
99.717 


7.70 
7.70 


6* 

2/ 


Note - 


5/15/74-0 
5/15/74 




2,462 




7-5/8* Note 


\ 2,855 


5/15/75 -B 




8/31/78-<J 


8/31/76 


5,155 




. ■. 


5-7/8* 


Note - 




6-5/8* Note 


\ 2,895 












„.o7 


2/ 












2,949 












6-1/4* Note 


9/30/78-R 


9/30/76 


326 
\_ 2,868 

3,1°5 




6.30 

6.;-o 


8-1/4* 

2/ 


Note - 


9/30/76-J 









Footnotes &t end of table. 



J//i/e I<r7 



.PUBLIC DEBT OPERATIONS 



41 



Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount 
Other than Advance Refunding Operations -Cont i nuod 



i^rintion of ^e'^iir:! 



^■fc Note 



;-l/8? Note 

;-l/iS Note 



5-7/e«; Note 

7? Note 



i-f/Sf, Note 



-:-7/8? Note 

■'-7/?? Note 

6-l/BS Note 



7-3/tf Note 

6-7/8* Note 



e-1/2% Note 

6-5/8% Note 



7% 



Note 



6-1/tf Note 



7-1/2% Note 

19£0 

6-1/2? Note 



7-1/2? Note 

6-7/8? Note 



7-5/8? Note 

9? Note 



10/31/78-S 



11/15/7? -B 

ll/30/78-T 

12/31/78-H 
12/31/7e-U 

1/31/70-1. 
2/15/79-H 

2/28/79-M 
3/31/70-H 

4/3 0/79- P 

5/15/79-D 
5/n/79-Q 

6/30/79-E 
S /15/79-J 

9/30/79-F 
11/15/79-B 

11/15/79 -C 

11/15/79-K 

12/31/79-0 
2/15/80 -G 

2/15/80 ly 

3/31/SO-C 
5/15/80-A 



6/30/80 -D 
8/15/80-B 



.iHtr- or 



11/1/76 



11/15/71 



11/30/76 



10/22/75 
12/31/76 



2/1/77 
2/17/76 

2/28/77 
3/^/7" 

5/2/77 

11/6/74 
1/7/75 

5/31/77 

" 7/9/75 
8/16/76 

n/4/75 
2/15/73 

11/15/73 

11/15/76 

1/6/76 
2/15/77 

f 1/23/59 
\^12/15/62 

3/17/76 
5/15/73 

6/10/76 
8/15/74 



.'Uiiouiit iSoued 

In oil i;.. IIS 




136 
2,805 



2,655 

368 

1.23? 



150p 
2,b'34p 
2,845t 



523p 



■.518i, 



llOp 
l,882p 



l,992p 

1,016 

1,253 

190p 
l,g9Sp 



3,0f7D 



5^5 

1,009 



l,b04 



70 
,30b 



l,300p 
■■ , 308 p 



2,0o^o 
2,63b 
2,585 
2,043 



2,461 
1,835 



Avf:r:ire price 
per hij-iiro'J 



99.842 



99.75 
99.75 
99.75 
99.75 
99.75 
99.75 
99.75 



99,795 
99.795 



99.300 
99.775 

90 V'V": 

99.824 

99.867 
99.867 
09.867 

99.805 
99.805 



09,963 



100.009 
100. 009 

99. 937 
101.95 
99.80^ 
99. 805 



99.731 

99. 907 
99.907 



99.840 

99.40 
99.40 



100.88 
100.88 



00.704 
09 . 704 



99.678 
99.678 

99.00 
99.50 
99.50 



99.853 
99.29 
99.29 
99.29 



99.693 
101.15 
101.15 



5.96 
5.96 



6.05 
6.05 
6.05 

6.05 
6.05 
6.05 
6.05 



5.86 



5.37 
5.37 



5.97 

7.05 
7.05 

7.05 



5.98 
5.9S 



6.02 
6.02 



■^.87 
5.87 

7.89 
7.52 
6.23 
6.23 

7.83 

6.91 
6.91 



6.73 
6.73 



6.82 
6.82 



6.36 
6.36 



7.51 

6.62 
6.62 

4.07 
4.04 
4.04 



7.54 
7.00 
7.00 
7.00 



8.75 
8.75 



Fllt:ibie securit 



!*:■:' •fxcli;air>" 



6-1/2S 
2/ 


Note 


5-3/8? 

7-3/4?; 

4-3/45 

6-3/4S 

5?- 

3-7/8? 

4? 


Note 
Note 
Note 
Note 
Note 
Bond 
Bond 


7-1/8? 
2/ 


Note 


2/ 




7-1/4? 
2/ 


Note 


2/' 




6-1/4? 
5-7/8$ 
2/ 


Note 
Note 



2/ 

6-1/2? 
2/ 



7-3/8? 
2/ 

2/ 
2/ 

C-3/4? 
2/ 



2/ 

7-1/2? 

2/ 



-7/8? 



4-1/2? 
2/ 



6-1/4? 
2/ 



10/31/76-0 



11/15/71 -B 

11/15/71-G 

5/15/73-B 

5/15/72 -D 

8/15/72-E 

11/15/71 

8/15/72 



11/30/76-N 



12/31/76-K. 



2/15/76-A 
2/15/76-F 



2/28/77-F 



1/'31/77-C 



4/3 0/77- H 



5/31/77-1 



8/15/76-C 



2/15/73-D 



11/15/73 



11/15/76-D 



8? 
2/ 




Note 


- 


2/15/77-A 


2y' 

Series 
2/ 


Fee 


savings 


bonds 




2/ 

7-3/4? 
4-3/4? 
2/ 




Note 
Note 


- 


5/15/73-A 
5/15/73-E 


2/ 










5-5/8? 




Note 


- 


8/15/74-B 


2/' 











Jootnotes at end of table. 



42 



Treasury Bulletin 



PUBLIC DEBT OPERATIONS. 



PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount 
Other than Advance Refunding Operations-Continued 





'c:.:crlrllon 


ol* securities 


Date of 
rinnnclnr 


Amount Issued 
(In mllUons) 


Average price 
per hundred 


Effective 
Interest 

rate 


Ei; 




:tleD exchanged 


loBO 
6-7/SJ 
5-7/8« 


Kote 
Nolo 


9/30/80-E 
12/31/80-F 


9/14/76 
12/7/76 




J2,141 
2,692 


$99,799 
99.867 


6.93« 
5.91 


i/ 
2/ 






^ 


Kote 

Note 


2/15/81-A 
2/15/81-C 2/ 


2/15/74 
2/18/75 




\ 


25 

302 

1,515 


100.28 

99.453 
99.453 


6.95 
6.95 

7.49 
7.49 


7-3/4* 
4-1/8* 
2/ 

5-3/4* 
2/ 


Note 
Bond 

Note 


- 






1,842 




7-3/8* 


( 


400 
1,768 


2/15/75-A 












2,166 


















I 4/5/76 




2,628 


99.980 


7.38 


2/ 






6-7/8* 


note 
Note 


3/31/81 -H 
5/15/81-D 


3/8/77 
1/26/76 




2,808p 
2,020 


99.568 
99.892 


6.88 


2/ 






7-3/8* 


7.40 


iT^ 




7-5/8* 


Note 


8/15/81-K 


7/9/76 




2,586 


09.051 


7.63 


2/ 






7* 


Bond 
Note 


8/15/81 
11/15/81-B 


8/15/71 

ril/15/74 
I V19/75 




202 
411 
W5 


99.628 
99.628 

101.25 


7.11 
7.11 
7.11 

7.82 
7.82 

7.70 


8-1/4* 

4* 

2/ 

5-V4* 
2/ 

2/ 


Note 
Bond 

Note 


8/15/71-F 
8/15/71 




807 




7-3/4* 


949 
1,766 


11/15/74-A 








2,715 








1,762 




7* 

1982 
6-3/8* 
6-1/8* 


Note 

Bond 
Note 


11/15/ei^j 

2/15/82 1/ 
2/15/82-D 


10/12/76 

5/15/72 
1/6/77 




2,543 

505 
2,697 


99.641 

100.60 
99.6QO 


7.08 

6.34 

6.1Q 


2/ 

2/ 
2/ 






8* 


Note 
Note 


5/15/82-A 
5A5/82-E 


5/15/75 
4/4/77 


V- 


1,233 
1,514 


100.00 
100.00 

99.889 


8.CC 
8.00 

7.02 


6* 
2/ 

2/ 


Note 


5/15/75-B 




2,747 




7* 


2.ol2p 




8-1/8* 


Note 


8/15/F:-f 


S/15/75 


L 


902 
2,017 


99.921 


8.14 


' ' 


Note 


8/15/75-C 


7-7/8* 


Note 


11/15/82-C 


11/17/75 


I 


2,518 


99.762 
99.762 


7.92 
7.92 


7* 
2/ 


Note 


11/15/75-D 


loe-j 

7* 


Note 


11/15/83-B 


11/15/76 




f 


2,002 

50 
2,25° 


ao.,'Jo;i 


7.02 
7.02 


6-1/4* 
2/ 


Note 


- 






2,.?0Q 




1SS4 














< 


2/15/77 


/ 


681p 
2,024p 

2,905p 


100. pr 

100.00 


7.25 
7.25 


f* 
2/ 


Note 


2/15/77-A 


7-1/4* 


Note 


2/15/84-A 




5/16/77 




2,623p 
2,900p 


99.81 
99.81 


7.28 
7.28 


9* 
2/ 


Note 


5/15/77-D 




Bond 
Bond 


8/15/84 
5/15/85 




^ 




5,532p 

15 
252 
221 
133 
164 
535 
265 
457 
268 

41 


99.40 
99.40 
99.40 
99.40 
99.40 
99.40 
99.40 
99.40 
99.40 
99.40 

100.50 


6.50 
6.50 
6.50 
6.50 

6.50 

o. >.- 
6.50 
6. 50 

3.22 


5* 

4* 

f •' 

5-:v4< 

3-7/8* 

5-3/4* 
5-7/« 
2/ 






6-3/8* 


8/15/72 
6/3/58 


1 


f 

\ 


Note 
Bond 

■-:>nd 
■ te 
i.nd 
Note 
Bond 
Note 
Note 


8/15/72-E 

8A5/72 

9A5/67-72 

11/15/72-F 

- 12/15/67-72 

11/15/74-A 

11/15/74 

2/15/75-A 

2/15/75-E 








2,353 




,19?5 
3-1/4* 




1,135 




1986 






















6-1/8* 


Bond 
Bond 


11/15/86 
8/15/87-921/ 


UA5/71 
8/15/62 


\ 


r 


98 
487 
187 

58 

36 
268 

5f 


99.75 
99.75 
99.75 
99.75 
99.75 
99.75 
99.75 
99.75 

ioi.;v; 

101. v<. 
101.00 


6.15 
6.15 
6.15 
6.15 
6.15 
6.15 
■j.l5 
■ .15 

4.19 
4.19 
4.19 


7-3/4* 
4-3/4* 

6- ■ ■' 

■>' 

4* 
2/ 

4* 

3-1/4* 

2/ 


.'.Jte 
Note 
Note 

Note 

Note 


11, 15/71 -B 

11/15/71.C 

5/15/72-B 

5/15/72-D 

8/15/72-E 

11/15/71 

8/15/72 








l,2lD 




1967 

4-1/4* 


5 

-60 


8/15/62-B 
8/15/62-0 






165 





Footnotes at end of table. 



///;/(' /9"'7 



43 



PUBLIC DEBT OPERATIONS. 



Table PE)0-5. - Unmatured Marketable Securities Issued at a Premium or Discount 
Other than Advance Refunding Operations— Continued 



De.icription of seemn tie:; 



rinancirLg 



Airioimt i:- ;-.uei. 
(In miliioiu--J 



per hundred 



intGre;-:t 
rate 



Eligible sectirities exchanged 



19ge 



7-1/2$ Bond 



1989 
4-1/8% 


Bond 


IQQO, 
8-1/4% 


Bond 


6-3/4% 


Bond 


7% 


Bond 


19Q4 





-1/2% Bond 



1995 



7-7/8% Bond 



8-3/8% Bond 



1996 

8% Bond 



8-1/4% Bond 



7-5/8% Bond 



2/15/88-93 



8/15/88-93 



5/15/89-94 

5/15/aO 

2/15/9^ 
5/15/9^-98 



5/15/94-99 



2/15/95-00 



8/15/95-00 



8/15/96-01 



5/15/00-05 



2/15/02-07 



1/ Additional issue. 
2/ Issued for cash, 
2/ Treasuiry Notes, 7- 



1/17/63 
8/15/73 

^ 11/15/73 

2/15/74 

4/18/63 

4/7/75 

1/10/73 
5/17/76 

5/15/74 
^ S/15/74 

11/15/74 

2/18/75 

5/17/76 

__ll/15/76 
/■ 8/15/75 



I. 



11/17/75 

8/16/76 
5/15/75 

^^ 2/17/76 
2/15/77 



5/16/77 



93 
333 
500 



1,247 



40 
652 



I'jp 
1^2 
oO;: 



041 



l.OOlp 



313 



i.Uh 



15' 



342 



i,"!?; 



I.dC: 



215 
402 



^Qlp 
753p 



i,l43p 

52 7p 

3T3p 

l.OOIp 

l,903p 



$90.85 

95.05 
95.05 
95.05 



100.14 
100.14 



100.45 
100.45 

100.45 



100.55 
99.455 

99.50 

98.75 

98.75 



102.85 
102.85 



98.70 
98.70 



103.04 
103.04 
10:'. 04 



09.191 
99.101 



96.73 
96.73 



100.79 
99.327 



101.50 
101.50 



99.893 

99.893 



99.450 
99.450 
99.450 



101.75 
101.75 



Qo.c,4l 
00,0^1 



98.25 
98.25 
98.25 



4.01 

8.00 
8.00 
8.00 



7.78 
7.78 



7.68 
7.68 
7.68 



4.09 
8.31 

6.79 

7.11 
7.11 



8.21 
8.21 



8.46 

8.46 



8.37 
8.37 
8.37 



7.95 
7.95 



8.19 
8.19 



8.44 
8.44 



8.33 
8.33 



8.02 
8.02 
8.02 



8.30 
8.30 
8.30 



8.09 
8.09 



7.63 
7.63 



8-1/83; 

4% 

2/ 

4-1/8% 
2/ 



2/ 



Note 
Bond 



7-3/4% 

4-1/8% 
2/ 


Note 
Bond 


2/ 




2/ 




2/ 




7--V4% 

2/' 


Note 


4-1/4% 
2/ 


Bond 


5-5/8% 
2/ 


Note 


5-3/4% 
3-7/8% 
2/ 


Note 
Bond 


5-3/4% 
2/ 


Note 


6-1/2% 
2/ 


Note 


2/ 




5-7/8% 
2/ 


Note 


7% 
2/ 


Note 


7-1/2% 
6-1/2% 
2/ 


Note 
Note 


5-7/8% 

6% 

2/ 


Note 
Note 


6-1/4% 
2/ 


Note 



e^7/8% 


Note 


9% 


Note 


2/ 





e/15/73-B 
8/15/73 



11/15/73 



2/15/74-C 
2/15/74 



5/15/73-A 



5/15/74 



8/15/74- 



11/1 5/74 -A 
11/15/74 



2/15/75-A 



5/15/76-B 



8/15/75-C 



11/15/75-D 



8/15/76-C 
F/15/76-G 



5/15/75-F 
5/15/75-B 



2/15/76-A 

2/15/77 -A 



5A5/77-0 
5/15/77-D 



3/8% Series C-19S1 and 7-3/8% Series E-logl 



consolidated effective Sept. 
Less than $500,000. 
Preliminary. 



44 



Treasury Bulletin 



PUBLIC DEBT OPERATIONS. 



Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities 

Part A. - Other than Bills 1/ 

(In millions of Jollars) 





I,-.-i:.-:- 










Allotirioiit^ by Investor classes 




Deaoription of jecurltlea 


Atiwuilt 


i:-.su.',l 


■■.J. Cov- 

ernaient 

accounts 

and 

Federal 

Keserve 

banks 2/ 


Coiumer- 
clol 
banks 
i/ 


indi- 
vidu- 
als 
i/ 


Insur- 
ance 
compa- 
nies 


Mutual 
sav- 
ings 
banks 


Corpo- 
rations 
1/ 


i-rivate 
pension 
and re- 
tirement 
funds 


state and local 
governments 6/ 


Dealers 

and 

brokers 






For 
cash 


In 

exchange 

for 

other 

aec-iiri- 

tle;; 




Unte 01' 
finano- 
In,: 


pension 
and re- 
tire- 
ment 
]-':r,6s. 


Other 
funds 


All 

other 

2/ 


r-V 1^/70 


f-'-i/it Note - 
( •■-3/4-f Note - 


2/15/74^' 
8/15/77-B 


- 


3 ,130 
2 [204 


;50 
470 


1,929 
967 


166 
74 


'■e 
29 


38 
22 


'.'■, 




D 


167 
■',7 


335 

513 


248 

72 




-lO! Note - 
/ '-V.'-S Note - 
< -l/.^r Note - 


2/15/72-C 
5A5/74-D 
8A 5/76-C 8/ 


3,100 


190 
4,505 
2,511 


190 
836 
811 


1,664 
2,481 

1 ,033 


656 

292 

94 


1 "i 
u 

24 


43 
37 
10 


78 
61 
40 


18 
13 

7 


4 


110 
193 
22 


.■60 
•43 
;!92 


325 

205 

77 


U/lc, 7." 


r-V-.' Note - 


5/15/72-D 


2,037 


- 


- 


1,593 


119 


2 


4 


11 


3 


• 


4 


108 


104 


?/ 15/71 


5-7/sr, Note - 
j,-l/Ai Note - 


8A5/75-C 
2A5/78-A 


- 


7,679 
8,389 


2,319 
2,722 


3,586 
3,122 


235 

431 


77 
116 


34 
90 


91 
98 


22 

133 


8 
123 


260 
496 


714 
631 


334 

424 


V1V7I 


[■yf Note - 
\_5-y4* Note - 


8A5/72-E 
11A5/74-A 8/ 


- 


3,452 

3,231 


1,457 
1,046 


1,351 
1,257 


138 
246 


22 
36 


13 
26 


30 
38 


13 
26 




Q3 


177 
263 


135 
196 


o/Jo/71 


6* Note - 


nA5/72-F 


2,285 


- 


- 


2,071 


19 


2 


3 


8 


2 


■ 


2 


68 


111 


8/15/71 


'7i Note - 
7i Bond - 


11/1 5/75 -D 
8/15/81 


195 


3,115 
613 


592 
351 


1,542 

112 


130 
210 


5Q 


35 

9 


37 
8 


9 
2 


;;. 


6 


405 
76 


209 
24 


f/li,',l 


6-1/2* Note - 


2A5/73-C 


2,514 


- 


- 


2,036 


57 


2 


5 


36 


2 




•J 2 


272 


52 


9/8/71 


6-1/4* Note - 


11/15/76-D 


1,283 


- 


- 


1,046 


15 


2 


1 


5 


1 


■ 


21 


125 


67 


10/22/71 


5-7/8* Note - 


2/15/75-E 


2,045 


- 


- 


1,833 


9 


1 


1 


15 


1 


I 


14 


46 


104 


11A5/71 


(-4-7/8* Note - 
( 6* Note - 
1,6-1/8* Bond - 


11/15/73-D 

11/15/7S-B 

11/15/86 


2,768 
24 


1,500 
8,207 
1,192 


1,500 
2,915 

673 


1,566 

3,197 

296 


15 

240 

31 


1 

47 

6 


4 

33 
1 


-J 2 
5: 


1 
1" 




2 


53 
235 

3 


992 

1,150 

185 


84 
311 
13 


2/15/72 


r5-3/4* Note - 
\^6-3/8* Bond - 


5A5/76-E 
2/15/82 


66 


2,802 
2,131 


420 
554 


1,446 
777 


85 
221 


23 

79 


26 
29 


■ 6 


5 

?1 


I 
.36 


85 

46 


558 
296 


117 

la 


V3/72 


5-7/8* Note - 


5/1 5/75 -F 


1,776 


- 


- 


1,605 


15 


1 


/, 




] 


I 


1 


70 


54 


5/15/73 


f'4-3/4* Note - 
\^o-:v?t Bond - 


5/15/73-E 
2/15/82 8/ 


1,279 
505 


2,514 


2,514 


1,231 
?53 


6 

15 


* 


* 


1 


. 


,. 


1 


10 
125 


26 

10 


8/15/72 


'5-7/SS Note - 

6-1/4* Note - 

1.6-3/8* Bond - 


2/15/76-F 

8/15/79-A 

8/15/84 


41 


4,945 
4,559 
2,312 


1,028 
1,437 
1,180 


2,557 

1,606 

512 


84 
166 

82 


68 
89 
28 


33 

44 

7 


202 

43 
23 


3 
24 

31 


2 
6 


79 

100 

33 


T 


)P.H 


10/19/72 


6{f Note - 


9/30/74-E 


2,060 


- 


- 


1,990 


9 


1 


1 


3 


. 


. 


. 


15 


41 


11/15/72 


6-1/4* Note - 


11/15/76-D 8/ 


3,041 


- 


105 


2,230 


24 


2 


3 


31 


2 




2 


440 


202 


12/28/72 


5-7/8* Note - 


1 2/31/74 -F 


2,102 


- 


- 


2,062 


6 




3 


1 


« 


- 


- 


1 


29 


lAO/73 


6-3/4* Bond - 


2/15/93 


627 


- 


- 


291 


40 


^C' 


6 


i2 


2 




1 


214 


2 


2/15/73 


fb-l/2% Note - 
\ 6-5/8* Note - 


8A5/76-G 
11/15/79-B 


1,009 


3,883 
595 


1,392 
595 


1,878 
556 


71 
23 


16 


5 


1 


17 


, 


68 
21 


273 
296 


104 
112 


5/15/73 


^6-7/8* Note - 
[7% Bond - 


5/15/80-A 
5/15/93-98 


2,043 
652 


5,221 
40 


5,275 
140 


1,320 
102 


111 
14 


3 
1 


2 


49 
39 


6 

1 


1 

8 


26 
11 


400 
346 


71 
30 


8A5/73 


17-1/4* Note - 
\^7-l/2* Bond - 


8/15/77-B §/ 
8/15/88-93 


2,026 
500 


628 
425 


630 
665 


1,438 

?3 


183 
34 


e 

27 


4 


41 
28 


1 
2 


1 
6 


16 

1 


309 
56 


23 
23 


9/4/73 


a -3/8* Note - 


9/30/75-0 


2,042 


- 


61 


1 ,097 


188 


1 


6 


9 


7 


. 


7 


644 


22 


11/15/73 


C7i Note - 
I 7* Note - 
V7-1/2* Bond - 


12/31/75-K 
11/15/79 -C 
8/15/88-93 £/ 


1,511 

2,021 

302 


220 
220 
136 


220 
220 
136 


1,003 

1,366 

83 


41 
25 
18 


7 

10 

2 


1 


73 
136 

4 


8 
6 
2 


59 


20 
15 


312 

447 

98 


47 
16 

35 


2/15/74 


'6-7/8* Note - 

7* Note - 

"^7-1/2* Bond - 


5A5/77-C 
2A5/81-A 
8A5/88-93 a/ 


2,258 

1,515 

301 


307 
327 
250 


307 ■ 

327 

250 


1,519 

1,094 
173 


46 
21 
11 


8 
2 
1 


7 


38 

22 

4 


1 


: 


14 


473 
370 
103 


151 
6 
9 


4/9/74 


8* Note - 


3/31/76-H 


1,532 


- 


35 


1,016 


154 


10 


3 


23 


S 


2 


11 


165 


100 


5/15/74 


('8-3/4* Note - 
1 8-3/4* Note - 
>> 8-1/2* Bond - 


6/30/76-1 

8/15/78-C 

5/15/94-99 


2,048 

1,879 

309 


656 
583 

279 


656 
583 
279 


1,224 
1,315 

106 


?r-' 


^ ^ 


10 
10 

1 


9 
13 

3 


14 
14 
10 


3 
5 
5 


16 

21 

1 


288 
96 
51 


202 

125 

56 


8A5/74 


fo* Note - 
( 9* Note - 
1^8-1/2* Bond - 


8/15/80 -B 
5/15/77-D 
5/15/94-99 £/ 


1,835 

2,393 

400 


2,461 

2,936 

486 


2,461 

2,936 

486 


610 
821 
129 


816 
16 


11 

5 


2 


38 
21 


7 
5 

1 


4 
10 


11 
13 
10 


367 

56 

224 


636 

5 


9/30/74 
11/6 /74 


8-1/4* Note - 
7-7/8* Note - 


9/30/76J 
5/15/79-D 


1,818 
1,016 


205 


205 


1,174 
581 


204 
164 


8 
4 


1 


27 
12 




13 

10 


27 
6 


336 

232 


29 

5 


11/15/74 


f7-3/4* Note - 
< 7-3/4* Note - 
(8-1/2* Bond - 


11/15/77 -E 
11/15/81-B 
5A5/94-99 2/ 


2,571 

1,766 

603 


1,059 
949 
338 


1,059 
949 
338 


1,371 
913 

2i6 


191 
144 

30 


23 

1 


6 

1 

M 


29 

9 

18 


5 
4 
2 


1 
4 


13 

Q 
1 


29i 


3 


12/31/74 


7-1/4* Note - 


12/31/76-K 


2,205 


77 


77 


1,195 


62 


■ 


« 


39 


7 


2 


1 


676 


223 


1/7/75 


7-7/8* Note - 


5/15/79-D £/ 


1,253 


- 


- 


855 


27 


. 


_ 


10 


. 


_ 


. 


350 


11 


1/9/75 


8* Note - 


3/31/76-H 2/ 


756 


- 


- 


593 


63 


« 


- 


3 


1 


- 


1 


93 


2 


2/18/75 


(7-1/8* Note - 
< 7-3/8* Note - 
1 7-7/8* Bond - 


5/15/78-D 

2/15/81-C 

2/15/95-00 


3,26;- 

1,768 

752 


697 

400 
150 


697 

400 

150 


2,054 

1,061 

276 


156 
64 
23 


1,: 
7 


IC 

6 

13 


72 
94 

n 


11 
23 


1 
10 


29 

1 
7 


578 
484 
356 


340 
17 
42 


Footnotes 


at end of table 


. 





























June 1977 



45 



.PUBLIC DEBT OPERATIONS 



Table PDO-6 - Allotments 



by Investor Classes on Subscriptions for Public Marketable Securities 
Part A. - Other than Bills i, —Continued 













( In millions 


jf dollar 


J 




















I,-7i.», 












U 


otment . 


by inve. 


:•:!■ Cl-JS, 


es 














Ajiiount 


issued 


U.S. Gov- 
ernment 














State and local 
governmients b^'' 










In 




Hate of 


Description 


of securities 


For 
cash 


exchange 

for 

other 


accounts 
and 

Federal 
Reserve 


Commer- 
cial 
banks 
i/ 


Indi- 
vidu- 
als 


insur- 
ance 
cumpa- 
tiies 


Mutual 
sav- 
ings 
banks 


Corpo- 
rations 


pension 
and re- 
tirement 






Dealers 

and 

brokers 


All 


financ- 
ing 


Pension 
and re- 
tire- 


other 


other 
7/ 










securi- 


b.anks 2/ 












funds 




fluids 














ties- 














ment 

fliTidS 








VV75 


/"b^ Note - 


2/28/77-F 


1,555 


, 


_ 










2C 








,14 


175 


(^5-7/W Note - 


8/31/76-L 


1,552 


- 


- 


r,10 


"■:d 


1 


16 


11 




Q 




480 


183 


V19/75 


7-3/4? Note - 


11/15/81-B 8/' 


1,762 


- 


- 


879 


77 


6 


15 


9 




1 


. 


720 


49 


3/25/75 


6? Note - 


5/31/75-M 


1,580 


- 


- 


1,018 


33 


1 


7 


6 


1 


• 


1 . 


290 


.m 


3/31/75 


5-1/2? Note - 


3/31/77-C 


2,576 


- 


:''.!'"> 


l.POr, 


"2 


7 


17 


28 


3 


11 


15 


677 


Ibl 


4/7/75 


8-1/4* Bond - 


5/15/90 


1,247 


- 


- 




23 


4- 


37 


- 


2iJ 


c' 


J' 


676 


68 


4/8/75 


7-1/8% Note - 


11/30/76-N 


1,507 


- 


- 


7? ■ 


;J 


- 


S 


■4 




1 


- 


486 


172 


4/30/75 


7-3/8?. Note - 


4/30/77-H 


1,570 


- 


- 


8 ;:C 


72 




16 


2.; 


5 




8 


518 


100 




fy-i/ef Note - 


8/15/7S-E 


2,855 


1 , icv 


:■ , "-iji) 


1,405 


1Q5 


I-- 


■1 


61 





.1 


6 


960 


113 


5/15/75 


{ 8? Note - 


5/15/a2-A 


1,514 


1,233 


1,234 


ool 


lie 


7 


7 


52 


9 


4 




604 


18 




18-1/4* Bond - 


5/15/00-05 


754 


850 


850 


251 


?7 


6 


1 


50 


7 


51 


1 


344 


6 


5/S7/75 


6-V4?i Note - 


5/31/77-1 


2,1'7 


- 


- 


1,187 


12; 





13 


5- 




8 


10 


563 


162 


6/6/75 


6-1/2? Note - 


lO/il/76-0 


1,57Q 


- 


- 


824 


51 


1 


Q 


22 


2 


S 


IV 


513 


132 


6/30/75 


6-1/2* Note - 


5/30/77-J 


2,170 


- 


162 


1.15b 


5- 


2 


5 


111 


1 


13 


16 


545 


109 


7/9/75 


7-3/4? Note - 


6/30/79-E 


1,782 


- 


- 


nrl 


47 


6' 


17 


42 


1 ■■ 




5 


642 


42 


7/31/75 


7-1/2* Note - 


7/31/77-K 


1,516 


- 


- 


416 


65 


3 


25 


12 




1 


5 


772 


192 




('7-7/8? Note - 


5/15/7e-F 


3,051 


1,^72 


1 , 72 


l,t'lo 


134 


l-< 


3S 


?■■: 


lb 


b 


20 


599 


273 


8/15/75 


/ 8-1/8* Note - 


8/15/S2-B 


2,015 


•-1O2 


902 


847 


85 


34 


22 


8b 


37 


2° 


14 


793 


69 




1 R-5/8* Bond - 


8/15/95-00 


801 


31' 


U3 


217 


18 


'"- 


1 


40 


10 


4 


l"' 


465 


10 


8/29/75 


8-1/4? Note - 


8/31/77-L 


2,021 


- 


10 


l,lfS 


104 


4 


32 


■4 




1 


b 


.346 


103 


9/4/75 


8-1/2* Note - 


9/30/79-F 


2,081 


- 


- 


1,1140 


150 


21 


16 


42 




Ip 


2^ 


4.48 


294 


9/30/75 


8-3/8* Note - 


9/10/77-M 


3,19'i 


', ( 


3; 


1,783 


511 


15 


30 


l':4 


b5 




21 


385 


236 


10/7/75 


8? Note - 


2/28/78-0 


2,115 


- 


i^ 


074 


^^50 


8 


11 


70 






4 


341 


94 


10/22/75 


8-1/8* Note - 


12/31/78-H 


2,517 


- 


- 


I.4OU 


130 


6 


1 


5 3 


6 


- 




721 


195 


10/31/75 


7-1/2? Note - 


10/31/77-N 


3,15b 


- 


- 


l,bO' 


250 


15 


11 


127 


i:< 


2 


1 


716 


328 


11/17/75 


'7-7/S? Note - 


11/15/82-C 


2,518 


384 


384 


1,144 




10 





b4 


20 


■7 


70 


1,017 


10 


\8-3/8? Bond - 


8/15/95-00 8/ 


1,001 


150 


150 


217 


1'-' 


2 


IQ 


I'l 


12 


11 


1 


b07 


4 


12/31/75 


7-1/4? Note - 


12/31/77-P 


2,553 


212 


212 


1.610 


147 


15 


25 


03 


li 


1 


22 


445 


182 


1/6/76 


7-1/2? Note - 


12/31/79-0 


2,005 


- 


- 


l,olu 


77 


11 


13 


"■•2 


11 


• 


11 


i.66 


175 


1/26/76 


7-3/8? Note - 


5/15/81-D 


2,020 


- 


- 


1,121 


25 


17 


35 


36 


11 


12 


12 


650 


101 


2/2/76 


6-:!/8? Note - 


1/31/78^ 


2,511 


- 


ISO 


1,252 


52 


2 


11 


55 


5 


2 




505 


340 




1 7* Note - 


2/15/79-H 


3,092 


1,600 


1,600 


1,675 


122 


19 


29 


4" 


21 


2 


46 


815 


314 


2/17/76 


< 8* Note - 


2/15/83-A 


6,019 


l,c•'^a 


1 .^39 


1,761 


2,285 


117 


101 


496 


100 


25 


;-.6 


89 


808 




1^8-1/4? Bond - 


5/15/00-05 8/ 


402 


215 


'215 


01 


8 




- 


9 


10 


34 


* 


250 


* 


3/3/76 


5-5/8? Note - 


U/3O/77-Q 


2,628 


- 


- 


1.50? 


61 


5 


32 


:'6 


15 


2 




■168 


304 


3/17/76 


7-1/2* Note - 


3/31/80^ 


2,059 


- 


- 


1,010 


162 


11 


25 


40 


52 


5 


7 


648 


89 


3/31/76 


6-3/4* Note - 


3/31/78-K 


3,055 


c,7 


97 


1,084 


152 


9 


22 


121 


5 


5 


4 


551 


502 


4/5/76 


7-3/8* Note - 


2/15/81-C 


2,528 


- 


- 


l,lo8 


119 


26 


32 


38 


23 


2 


17 


852 


321 




f5-l/2* Note - 


4/30/78-L 


2,274 


300 


■:00 


1,246 


126 


17 


2 3 


2b 


8 


2 


14 


358 


454 


5/17/76 


J 7-7/8* Note - 


5/15/86-A 


4,747 


472 


472 


1,894 


1,141 


122 


44 


407 


214 


39 


82 


346 


458 




1 7-7/8? Bond - 


2/15/95-00 8/ 


751 


117 


117 


iDb 


12 


- 


1 


40 




6 


10 


469 


33 


6/1/75 


7-1/8* Note - 


5/31/78-M 


2,485 


82 


32 


1,329 


68 


J 


13 


153 


5 


- 


42 


505 


351 


6/10/76 


7-5/8* Note - 


6/30/80 -D 


2,185 


- 


- 


1,116 


178 


19 


16 


32 


10 


* 


31 


588 


195 


6/30/76 


5-7/8* Note - 


5/30/78-N 


2,539 


692 


692 


1,,15 


134 


6 


12 


78 

101 


S 


1 


19 


532 

1,036 


334 

128 
iOl 


7/9/76 


7-5/a? Note - 


8/15/81-F 


2,585 


- 


- 


1,161 


94 


If 


13 


22 


4 


' 


7/30/75 


5-7/8? Note - 


7/31/78-P 


2,855 


- 


- 


1,663 


59 


12 


20 


24 


4 


* 


24 


74 s 




('5-7/8? Note - 


8/15/79-J 


2,230 


700 


700 


1:1.57 


130 


li 


-17 


117 


15 


w 


7 


4^4- 


255 


8/16/75 


( 3* Note - 


8/15/36-B 


8,030 


1,476 


1,475 


2,350 


3.543 


16- 


126 


572 


344 


y-' 


71 


170 
479 
673 


536 

34 

595 


8/31/75 


(?■% Bond - 
6-5/8* Note - 


8/i5/9^01 
8/31/78- Q 


983 
2,895 


592 
54 


592 

^4 


345 
l,21o 


29 

35 


3 


13 
62 


22 

116 


12 
7 


40 


5 

35 


9/14/75 


6^7/3* Note - 


9/3O/8O-E 


2,141 


- 


- 


Q(>t 


121 


26 


12 


33 


20 


3 


12 


770 


235 
5')2 


9/30/76 


6-1/4* Note - 


9/30/78-R 


2,869 


'26 


326 


1,62° 


b^' 


7 


11 


70 


13 


1 




471 


10/12/76 


7* Note - 


11/15/81-Q 


2,543 


- 


- 


1,356 


83 


24 


44 


44 


21 


14 




'-"^ 


116 



Footnotes at end of table. 



46 



Treasury Bulletin 



PUBLIC DEBT OPERATIONS, 



Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities 

Part A. - Other than Bills ^ ' —Continued 

(In millions of dollnrs) 











i'\l 


Qtrients 


by inves 


t^r 
















Amount 


issued 


U.S. Cov- 






















Date of 


Description of oecvu-ltles 


Kor 
cash 


In 
exctinn^e 


erniDent 

accounts 

and 


Commer- 
cial 


Indi- 
vidu- 


Insur- 
ance 


Mutual 
sav- 


Corpo- 
rations 


Private 
pension 
and re- 


i^ove.-rji^r.ts 6/ 


Dealers 
and 


All 


financ- 


Pension 




other 


llW 






other 
securi- 


i^ederal 
Reserve 
ban>;s 2/ 


banks 
3/ 


als 
'J 


compa- 
nies 


ings 
banks 


V 


tire- 
ment 
funds 


and re- 
tire- 
ment 


Other 
funds 


brokers 


2/ 










ties 
















funds 








11/1/76 


5-7/816 Note - 


i-/,-i/7e^ 


2,823 


98 


98 


1,307 


46 


5 


1'; 


>4 


5 


6 


23 


775 


587 




fb-l/it Note - 


11/15/79-K 


3,306 


70 


70 


1,227 


67 


11 


13 


26 


7 




^j 


1,025 


923 


11/15/76 


\ ft Note - 


11/15/63-8 


2,259 


50 


50 


906 


140 


?2 


16 


58 


16 


', 


1. 


800 


286 




[w-y/Bt Bond - 


2/15/95-00 S/ 


1,001 


- 


- 


313 


n 


4 


5 


?.'. 


2- 






589 


8 


11/30/76 


5-3/4« Note - 


11/30/78-T 


2,805 


136 


136 


1,176 


34 


9 


15 


51 


Q 


- 


'- 


953 


552 


12/7/76 


5-7/8« Note - 


12/31/30-P 


2,692 


- 


- 


1,234 


43 


3 


13 


33 


3 


1 


5 


861 


491 


12/31 A6 


5-lA* Note - 


12/31/73- U 


3,124 


252 


252 


1,168 


37 


6 


14 


43 


2 


- 


3 


1,035 


816 


1/6/77 


6-1/3* Note - 


2A5/82-D 


2,697 


- 


- 


l,404r 




23 


74 


"^ 


."^0 


2 


.'.1 


€68 


339P 


2/V77 


5-7/8JI Note - 


1/31/79-L 


2,855 


- 


- 


1,156.^ 




lo 




1 ■ 


1 


t 


899 


687 


2/15/77 


fi^l/ii Note - 


2/15/80-0 


3,308 


'.,JU". 


1,300 


1,704 


i^O 


33 


40 


ii',. 


—, 


9 


44 


863 


355 




( 7-1 A? Note - 


2A5/84-A 


2,024 


881 


861 


981 


126 


34 


13 


83 


104 




16 


640 


22 




1 7-5/8* Bond - 


2/15/02-Cr7 


752 


391 


391 


138 


51 


2T 


6 


43 


35 




1 


440 


8 


2/26/77 


5-7/8* Note - 


2/28/79-M 


2,695 




150 


1,001 


34 


>' 


17 


37 


8 




A 


804 


782 


3/8/77 


6-7/8* Note - 


3/31/81-H 


2,809 


- 




l,276r 


70 


10 


ISr 


154 


46 




4 


617r 


6Ur 


3/31/^7 


6* Note - 


3/31/79-N 


2,996 


523 


523 ' 


1,247 


72 


S 


16 


"l 


9 


•i 


■^ 


562 


1,010 


!./i.M 


n Note - 


5/15/82-E 


2,613 




- 


1,376 


83 


9 


28 




•..; 


'^• 


1 


609 


370 


in/Tj 


5-7/8* Note - 


4/30/79- P 


1,882 


UO 


110 


660 


27 


*■ 


9 




1 


3 




484 


606 



Jource: '-•-.•f-: on subscription and allotraent reports. For detail of 

offerings see Table PDO-^. 
i/ Excludes 1-1/2^ Treasury notes issued in exchange to holders of non- 

marJcetable 2-3A^ Treasury bonds. Investment Series »-K'"'^--' . 
2/ Includes trust funds and accounts that comprise Cover- -ts 

under the unified budget concept. 
2/ Includes trust companies and stock s-- " .:, 
V' Includes partnerships and personal t- '^s. 
i/ Exclusive of banits and insurance co::: ■ 



6/ Consists of trust, sinking, and investment funds of State .jid lorsi 

governments and their agencies. 
7/ Includes savings and loan associations, nonprofit institutions, and 

investments of foreign balances and international accoimte in this 

coxintry. Also Included are certain Government deposit accounts and 

Government-sponsored agencies. 
8/ Reopening of earlier issue, 
» Less than $500,000. r Revised. 



Jntn^ 79-77 



41 



PUBLIC DEBT OPERATIONS, 



Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities 
Part B. - Bills Other than Regular Weekly Series 











', 


n millions of dollars ) 


















Total amount issued 




Allotments 


by investor 


classe- 














1-1 .S. Gov- 










Date of 


Date of 


Average 










emnpent 










financing 


maturity 


rate 


sei'iet- 


9 -month 
series \J 


Tax aiitT. - 

ipation 

series 


■..-week 
series 


accounts 
and Federal 
Reserve 

barilrs 2/ 


ComjTier- 

cial 

banks 


. orpo- 
rat ioiis 
3/ 


Lealert 

and 

brokers 


All 
other V 


7/31/72 


{ 4/30/^3 


4.723 
4.918 


1,201 


',:,:! 






627 




^2 


1-- 

337 


i;5 

26 


8/31/72 


5/31/73 


5.040 




501 






73 


76 


. 


165 


187 


\ 8/28/73 


5.178 


1,803 








194 


953 


1 


608 


47 


9/30/72 


r 6/30/73 


5.346 




500 






140 


109 


» 


135 


116 


L 9/25/73 


5.529 


1,801 








654 


594 


6 


408 


140 


10/31/72 


/ 7/31/73 


5.223 




501 






125 


186 


* 


150 


30 


10/23/73 


5.318 


1,30 J 








578 


504 


2 


632 


85 


11/24/72 


4/20/73 


4.721 






2,012 




1,'>32 




„.. 


g 


11/30/72 


11/20/73 


5.225 


1,802 








60^ 


164 


75 


499 


455 


12/5/72 


6/22/73 


5.089 






2,510 






2 , 505 


,; 




1 


12/31/72 


12/18/73 


5.337 


1,800 








728 


308 




535 


177 


1/31/73 


1/15/74 


5.986 


1,804 








747 


513 


4 


113 


222 


2/28/73 


2/12/74 


6.050 


1,801 








745 


533 


3 


382 


138 


3/31/73 


3/12/74 


6.616 


1,790 








7bO 


332 


17 


474 


207 


4/30/73 


4/9/74 


6.598 


1,802 








715 


531 


1 


135 


420 


5/31/73 


5/7/74 


6.8-18 


1,800 








500 


627 


6 


255 


412 


6/30/73 


6/4/74 


7.235 


1,301 








625 


330 


5 


544 


.297 


7/31/73. 


7/2/74 


8.392 


1.802 








727 


562 


2 


276 


235 


8/15/73 


9/19/73 


9.803 






2,017 




_ 


1,944 


_ 




73 


8/28/73 


8/27/74 


3.337 








1,305 


421 


4 58 


5 


584 


337 


9/25/73 


9/24/74 


8.057 








1,802 


ow 


333 


5 


548 


272 


10/9/73 


7/30/74 


7.702 








1,304 6/ 


- 


1,508 


40 


45 


21 


10/23/73 


10/22/74 
4/19/74 


7.132 
6.765 






2,007 


1,30.; 


015 


415 


1 


400 


371 


11/1/73 


- 


2:1 


3 


11/20/73 


11/19/74 


7.708 








1,801 


600 


515 


10. 


y;-^ 


497 


11/30/73 


( 4/19/74 


7.830 






1,00: i/ 




- 


703 


- 


185 


114 


\^ 6/21/74 


7.790 






; , yj 




- 


1,d34 


- 


170 


195 


12/18/73 


12/17/74 


6.880 








1,30.-: 


303 


192 


1 


430 


372 


1/15/74 


1/14/75 


6.948 








1,802 


728 


613 


* 


171 


283 


2/12/74 


2AI/75 


6.342 








1 , 802 


871 


423 


26 


3SQ 

10 


223 


3/4/74 


4/19/74 


7.452 






1.516 i/' 




- 


1,504 


2 


3A2/74 


3/11/75 


6.SQ7 








1 ,301 


757 


618 


11 


200 


215 


3/29/74 


6/21/74 


3.306 






2.52? i/ 




- 


2 , 500 


- 


20 


5 


4/9/74 


4/8/75 


7.887 








1,801 


069 


392 


11 


414 


315 


5/7/74 


5/6/75 


8.422 








1 , 802 


5b7 


^J-^ 


6 


144 


346 


6/4/74 


6/3/75 


3.249 








1,302 


042 


400 


11 


444 


305 


7/2/74 


7A/75 


8.256 








1,802 


75c, . 


442 


12 


331 


208 


7/30/74 


7/29/75 


7.836 








1 , 80(1 


53 b 


631 


15 


' 3 b 


135 


8/7/74 


9/20/74 


9.652 






1,502 




~ 


1,438 


- 


"53 


1 


8/27/74 


8/26/75 


9.564 








1,801 


4-15 


sn 


21 


335 


150 


9/24/74 


9/23/75 


8.341 








1,803 


727 


431 


7 


433 


14; 


10/22/74 


10/21/75 


7.629 








2,003 


70b 


524 


l; 


652 


lU 


11/V74 


6/19/75 


7.933 




1,501 7/ 




2,002 


653 


891 
659 


1 


495 


114 


IIA9/74 


' 11/18/75 


77362 




4 


381 


305 


12/3/74 


4A5/75 


7.426 






2.251 




- 


803 


35 


1,173 


40 


12/5/74 


6/17/75 


7.520 






1.25b 




- 


703 


9 


331 


213 


12/17/74 


12/16/75 


6.625 








2,001 


8?7 


356 


8 


361 


439 


1/14/75 


1/13/76 


6.373 








2,001 


70b 


506 


27 


436 


326 


2/11/75 


2/10/76 


5.311 








2,103 


57b 


676 


28 


532 


241 


3/11/75 


3/«/76 


5.537 








2,102 


717 


610 


1 


495 


270 


4/8/75 


4/6/76 


6.474 








2,205 


A^6 


388 


37 


529 


515 


5/6/75 


5/4/76 


6.400 








2,435 


b-4 


59a 


54 


709 


iSQ 


6/3/75 


6/1/76 


5.803 








2,404 


t.>0 


495 


7Q 


540 


500 
522 


7/1/75 


6/29/76 


6.2Q2 








2,591 


,:,Q«. 


555 


10 


809 


7/29/75 
8/26/75 
9/23/75 
10/21/75 


7/27/76 

8/24/76 

9/21/76 

10/19/76 


6.782 
7.331 
7.340 
6.500 








2,293 

2,893 
2,360 
3,062 


...40 

723 
60 5 


289 

808 

1,085 

1,080 


10 

82 

35 

147 


925 

1,027 

501 

718 


429 
591 
515 
422 


11/18/75 


11/15/76 


6.010 








3,245 


708 


1,152 


VI 


735 


531 


12/16/75 


12/14/76 


6.440 








3,253 


7Q0 


979 


12 


628 


344 


l/lJ/76 


1/11/77 


5.578 








3,06Q 


806 


717 


47 


943 


555 


2A0/76 
l/3/7f. 


2/8/77 
3/8/77 


5.572 
6.010 








2,930 
3,105 


587 
795 


391 
1,083 


99 
6 


786 
971 


557 
250 



Footnotes at end of table. 



48 



Treasury Bulletin 



PUBLIC DEBT OPERATIONS. 



Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities 
Part B. - Bills Other than Regular Weekly Series— Continued 

'In millions of dollQra) 









■ ■ :.-:-i;,--l 




Allotments 


by investor classes 














;■..■;. oov- 










Dote of 
r Inane Inf 


Dote of 
maturity 


Average 
rate 

( Percent ) 


One -year 
series 


9-ii)onth 
aeries 1/ 


Tax antic- 
ipation 
series 


52-«ic.;- 
serlej 


■ .-nt 
..'its 
.:_:. /eJeral 
Reserve 
banks 2/ 


Commer- 
cial 
banks 


Corpc- 
rat ions 
2/ 


Dealers 

and 

brokers 


All 
other i/ 


/./u/7u 


4/5/77 


5.781 














J'.... 






5A/76 


5/3/77 


5.645 








J, - > 


V-:^ 


i,-.^^ 




■,.._,>-■ 


5t4 


6/1/76 


5/31/77 


6.309 








2,921 


441 


782 




],r-7 


501 


6/;q/76 


6/28/77 


6.082 








2,612 


796 


332 




1,0% 


387 


7/27/76 


7/26/77 


5.887 








2,977 


748 


841 


4U 


1,034 


314 


S/24/76 


8/23/77 


5.634 








2,953 


597 


1,042 


27 


951 


336 


9/21/76 


9/20/77 


5.561 








2,917 


?0.? 


455 


12 


1,356 


.■?9? 


10/19/76 


10/18/77 


5.126 








3,095 






IV 


rflT 




11/15/76 


11/15/77 


5.201 








3,40? 








1,..,"". 




12/14/76 


12/31/77 


4.708 








3,505 


Kfl 






■ - 




1/11/77 


1/10/78 


4.728 








3,071 


855 










2/8/n 


2/7/78 


5.3« 








3,105 


591 










3/8/77 


3/7/78 


5.226 








3,208 


984 










4/V77 


4/4/78 


5.158 








'■.'■'■? 


?An 


.' ,'' ' , 


11 


1.1-4 


951 


5/3/77 


5/2/78 


5.163 








r o-i^ 


894 


h:A 


;•• 


"555 


608 



Source: Based on subscription and allotment reports. For detail of 

offerings see Table PDO-4, 
1/ Reopeninn of one-year series. 
2/ Includes trust fxinds and accounts that comprise Cover: 

xinder the unified budget concept, 
2/ Exclusive of banks and insurance companies. 



V^ Included with all other investors are certain Goverr.r 
counts and Government -sponsored agencies, formerly ir. 
jient investment accounts. 
_ ^ng of earlier issue. 

;_ -, -.■■■■■ i:;;L-;ije. 
2/ bipedal 
* Less ti 



juuc 1977 



49 



PUBLIC DEBT OPERATIONS. 



Table PDO-7. - Disposition of Public Marketable Securities 
Other than Regular Weekly Treasury Bills 



uiiar aiTtiunts in millions; 



Da t ^' of 


- ■. .-,iriti.--u i,' 1 


Disposition offers 
by Treasur;,- 


Rosults of ex- 
?hani^e offers 


Description ci" new 


retXinding 
or retire- 
ment 


no5,--i 


ipl ii-.n 


L.-.t-U'-' 


Amount 
out- 
standing 




securities offered 


■:ash 
retire- 
ment 


Exchange 
security 
offered 


iix changed 


■fui'ned 
in for 
cash 2/ 


(See also Table PDO-4) 


7/31/73 


4.-:'ia': Pill 

^5.223% Bill 


7/31/73 
7/31/73 


■7 '31/72 
7/31/72 


1,201 
501 


i,2on 

501 
J 


- 


- 


- 




S/15/73 


/s-V8* Note 
I. 4* Bond 


- S/15/73- B 
8/l5/?3 


2/15/70 
-'/15/63 


1,839 
3,3-^4 


1,514"! 
3,166|- 


325 V 

728 5/ 


- 


- 




8/2S/7 3 


5.178:5 Bill 


8/28/73 


8/.il/72 


1,803 


1,803 


- 


- 


- 




9/19/'73 


9. 803* Bill 


9/19/73 


8/15/73 


2,017 


2,017 y 


- 


- 


- 




'0/25/73 


5.529? Pill 


■V25/73 


9/30/72 


1,301 


1,801 


- 


- 


- 




10/1/73 
10/23/73 

11/15/7:' 


1-1/2% Note 
y.-aS% Bill 
4 -1/8 J Bond 
5.225f. Bill 
5.337% Bill 


- 10/1/73-EO 
lu/2.V7-( 
11/15/73 
11/20/73 
12/13/73 


10/1/58 
10/31/72 

7/22/64 
11/30/72 
12/31/72 


30 
1,802 
4.;W3 
1,802 
1,800 


30 
1,802 
3,760 
1,802 

1,300 


576 bj 


- 


- 




1A5A4 


5.986% Bill 


1/15/74 


1/31/73 


1,804 


1,804 


- 


- 


- 




2A2/74 


c.050:t Bill 


2,.12/"4 


2/28/7:i 


1,301 


1,801 


- 


- 


- 




2/15/74 


r 7-3/4% Mote 
V 4-1/8% Bond 


- 2/15/74-C 
2/15/74 


-yi5/'ra 

1/15/65 


2,960 
2,466 


2,621 
1,902 


342 y 

542 1/ 


- 




3A2/74 

4A/74 
4/9/74 


6.616% Bill 
1-1/2% Note 
6.598? Bill 


3/12/74 
- 4/1/74- EA 

4/9/74 


3/31/73 
4/1/69 

4/30/73 


1,790 

34 

1.B02 


1,790 

34 

1,802 


- 


- 


- 




4Aa/74 


f 6.765% Bill 

7.830% Bill 

(^7.452% Bill 


4A9/74 
4A.'/74 
4/r'/74 


11/1/73 
llA/73 
11/1/73 


2,007 
1,002 
1,516 


2,00-A 
1,002 2' 

i,5iy 


- 


- 


- 




5/7/74 


6.818% Bill 


5/7/74 


5/31/73 


1,800 


1,800 


- 




- 




5/15/74 


r 7-1/4% Note 
( 4-1/4% Bond 


- .5/15/74-D 
5/15/74 


11/15/70 
5/15/64 


4,334 
2,847 


3,335 

2,328 


999 '± 
519 m 


/ 
/ 


- 




6/4/74 


7.235% Bill 


6/4/74 


6/30/73 


1,801 


1,801 


- 


- 


- 




6/21/74 


r 7.790% Bill 
Is. 306% Bill 


6/21/74 
6/21/74 


11/30/73 

11/30/73 


2,000 
2.523 


2,00Sl 
2,523^2/ 


- 


- 


- 




7/2/74 


S.392% Bill 


7/2/74 


7/31/73 


1,802 


1,802 


- 


- 


- 




7/30/74 


7.702% Bill 


7/30/74 


10/9/73 


1,804 


1,304 


- 


- 


- 




8/15/74 


5-5/8% Note 


- 8/15/74-B 


8/15/68 


10/284 


4,401 


5,383 n 


- 


- 




3/27/74 


8.387% Bill 


8/27/74 


8/28/73 


1,304 


1,804 


- 


- 


- 




9/20/74 


9.652% Bill 


9/20/74 


S/7/'74 


l,52n 


1,526 i/ 


- 


- 


- 




9/24/74 


3.057% Bill 


9/24/74 


9/25/73 


1,802 


1,802 


- 


- 


- 




9/30/74 


6% Note 
7.132% Bill 


- 9/30/74-E 

- 10/22/74 


lO/lQ/72 
10/23/73 


2,060 
1.802 


1,855 
1,302 


205 12 


- 


- 




10/22/74 


- 


- 




11/15/74 


f 5-3/4% Note 
\ 3-7/8% Bond 


- 11/15/74-A 

- 11/1 5/74 


11/15/67 
12/2/57 


5,442 
1,213 


3,23s 
1.071 


2,204 ]J 

142 1^ 


/ 
J 


- 




11/19/74 


7.708% Bill 


- 11/1V74 


11/20/73 


1,801 


1,801 


- 


- 


- 




I2A7/74 


6.380% Bill 


- 12/17/74 


12/18/73 


1,803 


1,803 


- 


- 


- 




12/31/74 


5-7/8% Note 


- 1 2/31/74- F 


12/28/72 


2,102 


2,025 


77 1; 


/ ' 






1/14/75 


6.943% Bill 


- IA4/75 


1A5/74 


1,802 


1,802 


- 1 


- 




2/15/75 


f5-3A% Note 
(5-7/8% Note 

6.342% Bill 


2/1 5/75- A 
2/15/75-E 

2 ''11/75 


2/15/68 
10/22/71 

2/12 '74 


4,015 
1,222 

1,802 


2,336 
1,104 

1 ''O? 


1,129 Ic 
113 r 


J 


- 




2/11/75 


- 


- 


- 




3/11/75 


6.897% Bill 


3/11/75 


3/12/74 


1,801 


1,801 


- 


- 


- 




Hr/M 


8.04,9^ Bill 
1-1/2% Note 


3/31/75- FFB 
4/1/75-EA 


VM 


1,501 
8 


1,501 
8 


- 


- 


- 




4/8/75 

4/16/75 
5/6/ 75. 
Footnotes at 


7.887% Bill 
7.426% Bill 
8.442% Bill 
end of table. 


4/3/75 
4/15/75 
3/3/23— 


4/9/74 
12/3/74 

5/7/74 


1,801 
2,251 

J.. 802 


1,801 
2,251 i/ 

1 802 


~ 


- 


: 





















50 



Treasury Bulletin 



.PUBLIC DEBT OPERATIONS. 



Table PDO-7. - Di 
Other than Reg 



sposition of Public Marketable Securities 
ular Weekly Treasury Bills — Continued 









l'-'ll!U- -i 


r/.!i.ii.lL; in tr 


iliiijli;:: 1 










Called or mQlurlni: iiecuri t le;: 1/ 


Dispoaltion offers 
by Treasury 


:■■■ ;ult3 of ex- 
^i.anfie offers 




Bute of 


Description 


laaue 
dote 


AjDOunt 
out- 
standing 


Descr i ■ 


refunding 
or ret ire - 

nenl 


Cash 
retire- 
ment 


Exchange 
security 
offered 


Exchanged 


Turned 
in for 
cash 2/ 


secur: 

(See !!-_ ..--., 


5/15/75 


.r B* Note 5/15/75-B 
5-7/8* Note - 5/15/75-F 


5/15/68 
4/3/72 


6,760 
1,776 


2,597 
1,576 


4,163 18/ 
200 12/ 


_ 


- 




6/3/75 


^ 8.249* BUI - 6/3/75 


6/4/74 


1,802 


1,802 


- 


- 


- 




6A7/75 

6/10/75 


7.520* Bill .- 6/17/75 
9.767* BUI - 6/30/75 


12/5/74 
9/4/74 


Al2.56 
2,003 


1,256 2/ 
2,003 


- 


- 


- 




7/1/75 


8.256* Bill - 7/1/75 


7/2/74 


1,802 


1,802 


_ 


_ 


_ 




7/29/75 


7.836* Bin - 7/29/75 


7/30/74 


1,806 


1,806 


- 


. 


_ 




S/15/75 


5-7/8* Note - S/15/75-C 


2/15/71 


7,579 


5,0^*2 


2,587 x/ 


- 


_ 




8/26/75 


6.280* Bill - 


8/8/75 


1,000 


1,000 


- 


- 


- 




8/26/75 


9.554* Bill - 


8/27/74 


1,803 


1 , "0 ■■ 


- 


- 


_ 




9/18/75 


6.175* Bill - 9/18/75 


9/5/75 


849 


-^^■ 


. 


_ 


_ 




9/23/75 


8.341* Bin - 9/23/75 


9/24/74 


1,803 


i,h;:; 


- 


- 


_ 




9/25/75 


6.15e« Bill - 9/25/75 


9/5/75 


700 


700 


_ 


_ 


_ 




9/70/75 


8-3/8* Note - 9/30/75-E 


8/24/73 


2,043 


2,010 


33 21/ 


_ 


_ 




10/1/75 


1-1/2* Note - 10/1/75-EO 


10/1/70 


30 


30 


- 


- 


- 




10/21/75 


Hill - 10/.] - 


1 ,2/74 


2,003 


2,003 


- 


- 


- 




11/15/75 


:.ote - 11/15/ -S-t 


-', 15/71 


3,115 


2,581 


534 22/ 


- 


- 




11/18/75 


7.362* Bill - 11/18/75 


11/19/74 


2,002 


2,222 


- 


_ 


. 




12A6/75 


6.625* Bill - 12/16/75 


12/17A4 


2,001 


2,001 


- 


_ 


_ 




12A8/75 


5.220* BUI - 12/18/75 


12/8A5 


60.? 


602 


- 


- 


_ 




12/25/75 


5.140* BUI - 12/25/75 


12/8/75 


601 


601 


- 


- 


_ 




12/31/75 


7* Note - 12/31/75-H 


11/15/73 


1,731 


1 , 519 


212 22/ 


- 


_ 




l/U/76 


6.378* Bill - 1/13/76 


1/14/75 


2,001 


2,001 


- 


- 


- 




1/3V76 


6.560* BUI - V31/76 


4/14/75 


1,.'j86 


1,586 


- 


- 


- 




2/10/76 


5.313* Bill - 2/10/76 


2/11/75 


2,103 


2,103 


- 


- 


- 




2/15/76 


6-1/4* Note - 2/15/76-A 


2/15/69 


3,739 


1,155 


2,522 2V 


- 


- 




2/15/76 


5-7/8* Note - 2/15/76-F 


8/15/72 


4,945 


3,713 


1,232 2i/ 


' - 


- 




3/9/76 


5.637* BUI - 3/9/76 


3/11/75 


2,102 


2,102 


_ 


_ 


_ 




3/31/75 


8* Note - 3/31/75-H 


4/9/74 


2,288 


2,191 


97 2^ 


- 


- 




4/1/75 


1-1/2* Note - 4/1/76-EA 


4/1/71 


27 


27 


_ 


_ 


_ 




4/6A6 


6.474* Bill - 4/6/76 


.'./8/75 


2,205 


2,205 


- 


_ 


_ 




4/22/76 


5.823* BUI - 4/22/76 
















4/22/75 


4.834* Bill - 4/22/76 








. 








5/4/76 
5/15/76 
5A5/76 
5/31/76 

6AA6 


e.iOO* Bill - 5/4/75 
6-1/2* Note - 5/15/76 -B 
5-3/4* Note - 5/1 5/76 -E 
6* Note - 5/31/75.)n 
5.803* Bill - 54/76 


5/6/75 
5/15/69 
2/15/72 
3/25/72 

5/3/75 


2,43; 
2,697 
2,802 
1,580 
2,404 


2,435 

2,336 

2,274 
1,498 
2,404 


361 27,'' 
S2 S 


- 


- 




5/29/76 
6/30/76 
7/27 A6 
8A5A6 
8A5/76 

8/24/76 


6.292* Bill - 5/29/75 
8-3/4* Note - 6/30/76-1 
6.782* BUI - 7/27/76 
7-1/2* Note - 8A5A6-C 
€-1/2* Note - 8A5A6-G 

7.331* Bill - 8/24 A6 


7/1/75 
5/15/74 
7/29A5 
lOA/59 
2A5/73 
8/25/75 


2,591 
2,703 
2,293 

4,194 
3,883 
2,893 


2,591 
2,011 

2,293 

3,434 
2,216 

2,893 


692 JO/ 

1,102 21/ 
1,567 22/ 


- 


_ 




8/31/76 

9/!l/7b 

9/30A6 

10/l/76 

10/l9A6 

10/31A6 

11/15A6 

11A5A6 

11/30A6 

12/UA6 

12/31A6 

0.1/77 


5-7/8* Note - 8/31/75-L 
7.340* Bill - 9/21A6 
8-1/4* Note - 9/30A6-J 
1-1/2* Note - loA/76-EO 
5.600* Bill - 10/l9A6 
6-1/2* Note - 10/31/76-0 
6.010* Bill - 11/15A6 
«-l/4* Note - 11/15/76-0 
7-1/8* Note - 11/30A6-N 
6.440* Bill - 12/UA6 
7-1/4* Note - 12/31 A6-K 
5. 075* Bill - 1/11/77 


3/3A5 

9/23/75 

9/3OA4 

10/1/71 

IO/2IA5 

6/5A5 

11/18A5 

9/8/71 

4/8/75 

I2A6/75 

I2/31A4 

1A3A5 


1,652 

2, -"50 
2,023 
11 
3,062 
1,579 
3,245 
4,325 
1,507 
3,253 
2,232 
3,069 


1,608 
2,860 
1,597 
11 
3,062 
1,481 
3,245 
4,205 
1,371 
3,253 
2,030 
3,059 


54 ii-' 
326 Ji/ 

98 jy 

120^ 
136 T2/ 

252 2S/ 


- 


- 





Jinie 1977 



.PUBLIC DEBT OPERATIONS 



31 



Table PDO-7. - Disposition of Public Marketable Securities 
Other than Regular Weekly Treasury Bills— Continued 









(Dollar amounts in m 


ill ions) 








Date of 
refunding 


Called or maturing se 


purities 1/ 




Disposition offers 
by Treasury 


Results 
change 


of ex- 
iffers 








i IIl^l 1 Tl + 


Description of new 


or retire- 


Description 


Issue 


rtjnount 
out- 


Cash 


Exchange 




Turned 


securities offered 


ment 




date 


stand int? 


retire- 
ment 


secui'ity 
offered 


Exchanged 


in for 

cash ^z 


(See also Table PDO-A) 


2/8/77 


5.572* Bill - 2/H/77 


2/l0/7b 


2,930 


2,9W 










2/15/77 


856 Note - 2/15/77-A 


2/15/70 


5,163 


2,591 


2,572 J2/ 


- 


- 




2/28/77 


b% Note - 2/28/77-F 


3/3/75 


1,665 


1,515 


I'O A3/ 


- 


_ 




3/8/77 


b.OlO? Bill - 3/8/77 


3/9/76 


3,105 


3,105 


- 


- 


- 




3/31/77 


t--l/2? Note - 3/31/77-G 


3/31/75 


2,576 


2,053 


523 il/ 


- 


- 




A/1/77 


1-1/2? Note - A/1/77-EA 


A/1/72 


5 


s 


- 


- 


- 




A/5/77 


5.781!« Bill - a/5/77 


A/6/75 


3,203 


3,203 


- 


- 


- 




A/10/77 


7-3/8* Note - A/30/77-H 


A/30/75 


1,579 


1,A69 


110 i^ 


- 


_ 




5/3/77 


5.6A5? Bill - 5/3/77 


5/A/76 


3,335 


3,335 


- 


- 


- 




5/15/77 


f^7/8!f Note - 5/15/77-C 


2/15/7A 


2,565 


2,038 


527^ 


- 


- 




5/15/77 


9? Note - 5/15/77-D 


8/15/7A 


5,329 


2,333 


2,996 Ai' 


- 


_ 




5/31/77 


6.30q!S Bill - 5/31/77 


6/1/76 


2,921 


2,921 


- 


- 


- 




5/31/77 


6-3/A* Note - 5/31/77-1 


5/27/75 


2,137 


1,9A7 


190 il. 









Footnotes on following 



32 



Treasury Bulletin 



PUBLIC DEBT OPERATIONS. 



Footnotes to Table PDO-7 



Source: Bureau of the Public Debt. 
1/ Original call and maturity datec ore used. 
2/ All bv investor*! ottier than Federal Reserve banks, 
j/ Tax anticipation iasue: for detoil of olTerings beginning August 1974, 

see Table PDCV-4; for amounts redeemed for toaes and for cash see 

"Note" belOK. 
^ Exchanged fiy Federal Reserve bonlts and Government accounts for $233 

million of 7-3/4? notes of Series B-1977 and $92 million of 7-l/2!f 

bonds of 1988-93 Isi-ued August 15, 1973. 
i/ Exchanged by Federal Reserve banks and Government accounts for $495 

million of 7-3/4? notes of Series B-1977 and $233 million of 7-1/2? 

bonds of 1988-93 Issued August 15, 1973. 
^ Exchanged by Federal Reserve banlts and Government accounts for $220 

million of 7% not«s of Series C-1979, $220 million of 7? notes of 

Scries H-1975 and $136 million of 7-1/2? bonds of 1988-93 issued 

November 15, 1973. 
2/ Exchanged by Federal Reserve banks and Government accCTints for $307 

million of b-7/8i notes of Scries C-1977, $25 million of 7? notes of 

Series A-1981 issued Februajy 15, 1974, and $10 million of 7-1/2? 

bonds of 1988-93 issued February 28, 1974. 
^ Exchanged by Federal Reserve banks and Government accounts for $302 

million of 7? notes of Series A-1981 Issued February 15, 1974, and 

$240 million of 7-1/2? bonds of 1988-93 issued Februaiy 28, 1974. 
^ Exchanged by Federal Reserve banks and Government accounts for $656 

million of 8-3/4? notes of Series 1-1976 and $343 million of 8-3/4?: 

notes of Scries C-1978 issued May 15, 1974. 
iO/ Exchan^Tcd by Federal Reserve banks and Government accounts for $240 

million of 8-3/4? notes of Series C-1978 and $279 million of 8-1/2? 

bonds of 1994-99 issued May 15, in74. 
n/ Exchanged by Federal Reserve banks and Government accounts for $2,936 

million of 9? notes of Series D-1977, $2,461 million of 9? notes of 

Series B-1980 and $486 million " '-^ ' : i nds of 1994-99 it. 

August 15, 1974. 
12/ Exchanged by Federal Reserve ba; .■ -mment accounts i- 

notes of Series J-1976 issued Septcinbtr >0, 1974. 
13/ Exchanged by Federal Reserve banks and Government accounts for $1,059 

million of 7-3/4? notes of Series E-1977, $949 million of 7-3/4? notes 

of Series B-1981 and $196 million of 8-1/2? bonds of 1994-99 issued 

November 15, 1974. 
14/ Exchanged by Federal Reserve banks and Government accounts for 8-1/2? 

bonds of 1994-99 issued November 15, 1974. 
Xl/ Exchanged by Federal Fteserve banks and Government accounts for 7-1/4^ 

notes of Series K-1976 issued Cecember 31, 1974. 
J^ Exchanged by Federal Reserve banks and Government accounts for $692 

million of 7-1/8? notes of Series D-1978, $400 million of 7-3/8? 

notes of Series C-1981 and f?6 million of 7-7/8? bonds of 1995-2000 

issued Februaiy 18, 1975, 
^2/ Exchanged by Federal Reserve bonks and Government accounts for $4 

million of 7-1/8? notes of Series D-1978 and $114 million of 7-7/8? 

bonds of 1995-2000 issued February 18, 1975. 
Ifi/ Exchanged by Federal Reserve banks and Government accounts !'' ■ 

million of 7-5/8? notes of Series E-1978, $1,233 million o:' 

of Series A-1982 and $630 million of 8-1/4? bonds of 2000-0:- io.,^,. 

May 15, 1975. 
22/ Exchanged by Federal Reserve banks and Oovemraent accounts for S-1/4* 

bonds of 2000-05 issued Maj- 15, 1975. 
^q/ Exchanged by Federal Reserve banks and Government accounts 

million of 7-7/8? notes of Series F-1978, $302 million of S-_, „_ 

of Series B-1982 and $313 million of 8-3/8? bonds of 1995-2000 issued 

August 15, 1975. 
51/ Exchanged by Federal ■ Reserve banks and Ocvemment accounts for ~ 
8-3/8? notes of Series M-1977 issued September 30, 1975. 



22/ Exchanged by Federal Itoservc banks ■:' *. accounts for $384 

million of 7-7/8? notes of Series C-: o million of 8-3/8? 

bonds of 1995-2000 issued November 17, l-/iy. 
23/ Exchanged by Federal Reserve banks and Government accounts for 7-1/4? 

notes of Series P-1977 issued December 31, 1975, 
24/ Exchanged by Federal Reserve banks and Government accounts for 
t368 million 7? notes of Series H-1979, $1,939 million 8? notes 
of Series A-1 " ' "".'■ million of 8-1/4? bonds of 2000-05 

ispued Februc. 
25/ Exchanged by ■rve banks and Oovemoent accounts for 7? 

notes of Series II-1J79 issued February 17, 1976. 
26/ Exchanged by Federal Reserve banks and Government 
accounts for .-. ^/'-^ .,,..„^ qj* series K-1973 issued 
March 31, 197 . 
27/ Exchanged by . rve banks and Government accounts for $276 

million of 7-vv-i nuu i of Series A-1986 issued 5A7/76 and $85 mil- 
lion of 7-7/8? bonds of 1995-2000 issued May 17, 1976. 
25/ Fxchar.red ^y Pct^eral Reserve banks and Government accounts for $300 
otes of Series L-1978 and $196 million of 7-7/8? 
•36, and 532 million of 7-7/8? bonds of 

- - V 17, 1976. 

29/ Exchanged oy Federal Reserve banks and Government accounts for 7-1/8? 
notes of Series M-1978 Issued .Tune 1, 1976. 
30/ Exchanged by Federal Reserve banks and Government accounts for 6-7/8? 

notes of Series N-1978 issued June 30, 1976, _ _ . 

31/ Exchanged by Federal Reserve banks and Government accounts for $700 
million of 6-7/8? notes of Series J- 1979, $60 million of 8? notes 
of Series B-1986, and $342 million of 8? bonds of 1996-2001. 
ii/ Exchanged by Federal Reserve banks and Government accounts for $1,417 
million of 8? notes of Series B-1986 and $250 million of 8? bonds of 
1996-2001 is.'Sued Awrust 16. lo76. 
22/ Exchanged ty Federal Reserve banks and Government accounts for 6-5/8? 

notes of Series Q-1978 issued August 31, 1976. 
2A/ Exchanged by Federal Reserve banks and Government accounts for 6-I/4? 

notes of Series R-1978 issued September 30, 1976. 
25/ Exchanged by Federal Reserve banks and Government accounts for 5-7/3? 

notes of Series S-1978 issued November 1, 1976. 
J6/ Exchanged by Federal Reserve bants and Government accounts for $70 
million of 6-I/4? notes of Series K-1979 and $50 million of 7? 
notes of Series &-1983 issued November 15, 1976. 

Exchanged by Federal Reserve banks and Government accounts for 5-3/4? 
notes of Series T-1973 issued November 30, 1976. 



22/ 
28/ 



\ Reserve banks and Government accounts for 5-1/4? 
73 issued December 31, 1976. 
R'^serve banks and Government accounts for $1,300 
:■ Series G-1980, $881 million of 7-1/4? 
.1 $391 million of 7-5/8? bonds of 2002-2007 



million of C- j 

notes of Seri 

issued Febrxla:^, 
40/ Exctianged by Federal iieserve banks and Government accounts for 5-7/8? 

notes of Series M-1979 issued February 23, 1977. 
41/ Exchanged by Federal Reserve banks and Government accounts for 6? 

notes of Series N-1079 issued March 31, 1977. 
42/ Exchanged by Federal Reserve banks and GoverrLT.er.t 

notes of Series P-1979 issued May 2, 1977. 
A2/ Exchanged by Federal Reserve banks and Gov 

bonds of 2002-2007 issued May 16, 1977, 
Uj Exchanged by Federal Reserve banks and Govemraen 

million of l-\/lS notes of Series A-1984 and $3" 

bonds of 2002-2007 issued toy 16. 1977. 
45/ Exchanged by Federal Reserve Banks and Government accounts for 

6-1/8? notes of Series Q-1979 issued May 31, 1977, 



runts for 5-7/8? 

mts for 7-5/8? 

or $2,623 
- 7-5/8? 



Note: Information on retirement of tax antic 
ir. footnote 3, in millions of dollars; 


.pation issues referred -- 


Date of 
retirement 


Securities 


Total 
amount 


Redee::ied 

for 

taxes 


Redeemed 

for 

cash 


9/20/74 
4/16/75 
6/17A5 


Bill 
Bill 


2,251 
1,256 


402 
184 
426 


1,124 

2,067 

830 



June 19^7 



.PUBLIC DEBT OPERATIONS 



53 



Table PDO-8. - Foreign Series Securities (Nonmarketable) 
Issued to Official Institutions of Foreign Countries 





( Paya 


)le 


in U.S. doll 


irs; dollai- ajnourit 


s in millions) 










Month of 


Je.-'iu-i ties 


I, -sue 
J ate 


Maturity 
date 


Interest 

rate 

1 Percent) 


.ujount 


activity 


1 Ksued 


Retired 


Total outstanding 
















end of month 




' 


C 3/05/75 


d/05/75 






;'00 








Bills 


3/17/75 
*.. 6/05/75 


6/19/75 
12/04/75 




87 


903 












1J/02/7-; 


5/02/75 


7.40 




20 












12/06/7A 


6/05/75 


7.25 


_ 


82 












3/03/75 


6/03/75 


5.45 


_ 


10 












3/03/75 


6/03/75 


5.45 


_ 


2 












3/12/75 


5/12/75 


5.65 


_ 


9 












3/1,3/75 


6/13/75 


5.55 


_ 


13 












3/13/75 


6/13/75 


5.05 


_ 


6 












3/18/75 


5/18/75 


5.40 


_ 


9 












3/19/75 


6/19/75 


5.40 


_ 


17 












3/19/75 


6/19/75 


5.40 


_ 


12 












3/19/75 


6/19/75 


5.40 


_ 


7 












3/27/75 


6/37/75 


5.55 


_ 














1/01/75 


7/01/75 


5.60 


_ 


11 












4/01/75 


7/01/75 


5.60 


_ 


4 












4/02/75 


7/02/75 


5.60 


_ 


11 












4/07/75 


7/07/75 


5.60 


_ 


2 












4/07/75 


7/07/75 


5.60 


_ 


8 












4/08/75 


7/08/75 


6.05 


- 


7 












4/29/75 


7/29/75 


5.75 


_ 


17 






1975-June 


Certificates of indebtedness 


< 


5/06/75 
5/06/75 


8/06/75 
8/06/75 


5.35 
5.35 


- 


3 
















5/06/75 


8/06/75 


5.15 


_ 


6 












5/06/75 


8/06/75 


5.35 


- 


6 












5/06/75 


3/06/75 


5.35 


_ 


3 












5/12/75 


8/12/75 


5.35 


_ 


7 












5/12/75 


8/12/75 


5.35 


_ 


3 












5/Li/75 


8/14/75 


5.20 


- 


4 












5/15/75 


8/14/75 


5.20 


- 


4 












5/15/75 


8/15/75 


5.20 


„ 


5 












5/20/75 


8/20/75 


5.15 


- 


20 




1 21,617 








5/2,3/75 


8/22/75 


5.15 


_ 


16 












5/23/75 


8/22/75 


5.15 


- 


3 












5/23/75 


8/22/75 


5.15 


_ 


17 












5/27/75 


8/27/75 


5.20 


_ 


15 












5/27/75 


8/27/75 


5.20 


- 


3 












5/27/75 


8/27/75 


5.20 


_ 


14 












5/27/75 


8/27/75 


5.20 


_ 


8 












5/27/75 


8/27/75 


5.20 


_ 


5 












5/27/75 


8/27/75 


5.20 


- 


2 












5/27/75 


8,'27/75 


5.20 


_ 


13 












5/27/75 


8/27/75 


5.20 


- 


4 












5/27/75 


8/27/75 


5.20 


- 


7 












5/27/75 


8/27/75 


5.20 


- 


8 












6/03/75 


9/03/75 


5.25 


10 


_ 












6/03/75 


9/0,3/75 


5.25 


- 


2 












6/03/75 


9/03/75 


5.25 


_ 


2 












6/03/75 


q/03/75 


5.25 


- 


2 












6/03/75 


9/03/75 


5.25 


_ 


4 












5/12/75 


9/12/75 


5.10 


Q 


- 












6/13/75 


9/12/75 


5.10 


13 


- 












6/13/75 


9/15/75 


5.10 


6 


_ 












5/18/75 


9/18/75 


4.80 


9 


- 












6/19/75 


9/19/75 


4.80 


17 


- 












6/27/75 


9/27/75 


5.70 


2 


- 












6/27/75 


9/27/75 


5.70 


- 


2 










r 6/25/71 


6/25/75 


6.55 


_ 


600 










6/05/75 


6/04/75 


6.90 


200 


- 








Notes 


J 6/19/75 


4/19/77 


':■ . 7^ 


303 


- 










< 


6/19/75 


5/19/77 


';..?<-"■ 


300 


- 












5/19/75 


6/20/77 


C'.S ' 


300 


- 








» 




, 6/25/75 
4/09/75 


6/25/82 


7.84 


600 


- 










7/10/75 


- 


- 


80 


'' 










4/15/75 


7/17/75 


- 


- 


447 












4/17/75 


7/17/75 


- 


- 


182 








Bills 




4/17/75 


7/17/75 


- 


- 


182 










, V21/75 


7/24/75 


- 


- 


125 










' 


7/10/75 


10/09/75 


- 


81 


- 












7/10/75 


1/08/75 


- 


74 


- 












7/17/75 


10/16/75 


- 


182 


- 












7/17/75 


10/16/75 


- 


150 


- 












7/24/75 


10/23/75 


- 


102 


- 












- 1/09/75 


7/10/75 


6.60 


- 


79 












1/28/75 


7/29/75 


5.85 


- 


80 












3/06/75 


9/04/75 


6.01 


- 


500 












4/08/75 


7/08/75 


6.05 


- 


8 












4/10/75 


7/10/75 


6.05 


- 


4 












4/17/75 


7/17/75 


5.55 


- 


7 












4/24/75 


7/24/75 


5.65 


- 


25 












4/28/75 


7/28/75 


5.65 


- 


15 












4/28/75 


7/28/75 


5.55 


- 


12 












4/30/75 


7/30/75 


5.75 


- 


26 












5/02/75 


8/01/75 


5.75 


- 


7 












5/05/75 


8/05/75 


5.75 


- 


51 












5/05/75 


8/05/75 


5.75 


- 


22 












5/05/75 


8/05/75 


5.35 


- 


23 












5/07/75 


8/07/75 


5.35 




9 







34 



Treasury Bulletin 



PUBLIC DEBT OPERATIONS, 



Table PDO-8. - Foreign Series Securities (Nonmarketable) 
Issued to Official Institutions of Foreign Countries-Continued 

fpriyable !n U.S. dollars; dollar amounts In millions) 



Month of 
riotivlty 



1975-Jiily. 



Cortiricates of indebtedness 



Aug. 



Sept. 



Certificates of indebtedness 



Notes 

[bUIs 

/ Certificates of indebtedness 
I Notes 



Certificates of 



Issue 
date 



5/07/75 



5/12/75 
5/13/75 
5/15/75 

5/15/75 
5/.?0/75 
5/.'0/75 
5/20/75 
5/2?/75 
5/27/75 
5/27/75 
5/27/75 
5/27/75 
6/12/75 



7/2^/75 
7/29/75 
7/29/75 

7/07/71 
7/U/71 
7/C 7/75 



V 



3/06/75 
5/05/75 
5/07/75 
5/14/75 
5/14/75 
5/1^/75 
5/1^/75 
5/14/75 
6/13/75 
6/13/75 
6/13/75 
8/05/75 
8/07/75 
8/14/75 
S/U/75 
8/U/75 
8/U/75 
S/14/75 

5/23/74 
e/2?/75 
8/28/75 

3/5/75 

3/6/75 

9/'/. ''75 

4/24/75 
4/30/75 
7/10/75 
7/17/75 
7/17/75 
7/24/75 
7/29/75 
10/'>.V75 
10/«V'5 
lO/lfc/75 
10/16/75 
10/23/75 
10/3C/75 




Maturity 
date 



S/12/75 
8/13/75 
8/15/75 

?/l4/75 
P/20/75 



8/27/75 
9/12/75 
9/12/75 
9/18/75 
O/lo,'"^ 



lw'2'^/"5 
1/27/76 

7/07/75 

7/14/75 
7/C7/82 



il/ij/'75 

9/04/75 
8/05/75 
8/07/75 
8/14/75 
8/14/75 
8/14/75 
8/14/75 
8/14/75 
9/15/75 
9/15/75 
9/15/75 
11/05/75 
11/07/75 
11/14/75 
11/14/75 
11/14/75 
11/14/75 
11/14/75 



9/4 '75 

9/5/77 

10/23/75 
10/30/75 
10/09/75 
10/16/75 
10/16/75 
10/23/75 
10/28/75 
V"?/7t 



V2'3, 76 

10/17/75 

10/24/75 

10/28/75 

1/16/76 

1/23/76 

10/02/75 
10/30/75 
ll/30/7fc. 
12/31/76 
2/28/77 
3/3 L "'^ 



Interest 

rate 

f Percent ) 



5.35 
5.35 
5.35 
5.35 
5.35 
5.20 
5.20 
5.20 
5.15 
5.15 
5.15 
5.15 



5.20 
5.10 
5.10 
4.80 
/..SO 



6.75 
6.70 
8.00 
7.85 
7.50 



6.01 
5.75 
5.35 
5.20 
5.20 
5.20 
5.20 
5.20 
5.10 
5.10 
5.10 
6.45 
6.45 
6.35 
6.35 
6.35 
6.35 
6.75 



5.55 
7.85 



8.40 
8.10 
7.K' 



200 
200 
447 

230 



55 

40 
15 

70 



•■5 
75 



40 
41 
43 

161 
135 

'^ 
SO 



7 
25 



100 
100 
100 
125 
150 



4 
16 
45 

7 
15 
20 

9 
26 

4 

8 
24 
19 
10 
10 
11 

9 

9 
13 

9 
17 



200 
200 



500 

55 

40 

15 

70 

20 

10 

35 

2 

1 

2 



300 



200 
82 



248 
80 
31 
160 
182 
102 



7 
25 
40 



300 
275 



Total outstanding 
end of month 



) 20,604 



> 19,952 



19,869 



19,621 



Jmic 19'^ 7 



.PUBLIC DEBT OPERATIONS 



55 



Table PDO-8. - Foreign Series Securities (Nonmarketable) 
Issued to Official Institutions of Foreign Countries— Continued 





i a;,-^ 


hie 


in U .3. collai't 


aoliar amounts in minions 










Moi,th or 








Interest 




/ifTiCiunt 




Cecuritiei: 


Issue 


Maturity 


rate 






a ■ 1 1 V ' t;. 












date 


date 


(percent^ 


Isfued 


retired 


Total outstanding 
end of month 




Bill£ 




f 8/1V75 


11/13/75 


_ 


, 


.'/u 


""^ 










11/13/75 


2/13/76 


- 


2_ri 


- 












' 8/05/75 


11/05/75 


. 6.45 


_ 


55 












8/07/75 


11/07/75 


6.45 


_ 


40 












8/14/75 


11/14/75 


6.35 


_ 


15 












8/14/75 


11/14/75 


6.35 


_ 


70 












8/14/75 


11/14/75 


6.35 


- 


35 












8/14/75 


11/14/75 


6.35 


_ 


20 






3^975_fjov ....*•••< 


Certificates of indebtednesc 




8/14/75 
11/05/75 


11/14/75 
2/05/76 


6.35 
5.60 




10 




> i-:',68<; 






55 










11/07/75 


2/06/75 


5.60 


40 


_ 












11/14/75 


2/13/76 


5.30 


70 


_ 












11/14/75 


2/13/75 


5.30 


35 


_ 












11/14/75 


2/13/76 


5.30 


20 


_ 












11/14/75 


2/13/76 


5.30 


10 


_ 












11/14/75 


2/13/76 


5.30 


15 


- 










r 8/22/7A 


11/28/75 


3.90 


_ 


240 








Notef 


1 11/23/75 


6/30/77 


6.50 


100 


_ 








\ 11/28/75 


7/31/77 


7.50 


100 


- 








^ 


L 11/28/75 


10/31/77 


7.50 


100 


- 










r 3/05/75 


12/16/75 


_ 


_ 


200 


i 






Bills 


} 6/05/75 


12/04/75 


_ 


_ 


87 








\ U/Oi/li 


3/04/76 


- 


40 


_ 










[^ 12/0A/75 


6/03/76 


- 


47 


- 












' 10/17/75 


1/16/76 


6.05 


_ 


7 












10/24/75 


1/23/75 


5.90 


_ 


25 












11/05/75 


2/05/76 


5.60 


- 


55 












11/07/75 


2/06/76 


5.60 


- 


40 












11/14/75 


2/13/76 


5.30 


- 


10 












11/14/75 


2/13/76 


5.30 


- 


20 












11/14/75 


2/13/76 


5.30 


- 


35 






1575-De.: 


(Certificates of indebtedness 




11/14/75 


2/13/76 
2/13/76 


5.30 
5.30 




70 








< 


11/14/75 


_ 


15 










12/02/75 


1/16/75 


5.05 


8 


- 




) 1^,966 








12/02/75 


1/23/76 


5.90 


30 


_ 










12/02/75 


2/05/76 


5.50 


65 


- 












12/02/75 


2/06/76 


5.60 


48 


- 












12/02/75 


2/13/75 


5.30 


163 


- 












12/02/75 


1/16/76 


6.05 


- 


8 












12/02/75 


1/23/76 


5.90 


- 


10 












12/30/75 


2/13/76 


5.30 


15 


- 












12/30/75 


2/13/76 


5.18 


196 


- 










r 9/19/7A 


12/18/75 


8.35 


_ 


200 










J 12/16/75 


12/16/77 


7.30 


200 


- 








Notes 


\ 12/18/75 


5/15/78 


7.125 


150 


- 










(^ 12/18/75 


8/15/78 


7.625 


100 


- 








' 




C 7/10/75 


iiyj8/76 




- 


74 












10/09/75 


1/08/76 




- 


41 


^ 










10/16/75 


1/15/76 




- 


185 












10/16/75 


1/15/75 




- 


161 












10/23/75 


1/22/76 




- 


95 












10/28/75 


1/29/76 




- 


40 












10/30/75 


1/29/76 




- 


80 










< 1/08/76 


2/05/76 




40 


- 








Bills 




1/08/76 
1/08/76 
1/15/76 


5/06/76 
7/08/76 
4/15/76 




40 
35 
187 


- 












1/15/76 


4/15/75 




163 


- 


) 20,002 


1976^311 < 


Certificates of indebtedness 




1/22/76 


4/22/75 




97 


- 












1/27/76 


2/26/76 




40 


- 












1/29/76 


2/26/75 




120 


- 










/ 7/29/75 


1/27/76 


6.70 


- 


40 










< 12/02/75 


1/23/75 


5.90 


_ 


20 










l^ 12/02/75 


2/05/75 


5.50 


- 


25 










C 10/2A/7< 


1/29/76 


7.80 




175 










J 1/29/75 


10/31/77 


7.50 


50 


- 








Notes 


\ 1/29/76 


8/15/78 


7.625 


50 


- 










I 1/29/76 


11/15/78 


6.00 


150 


- 








r 


>" 


• 

H/13/75 


2/13/76 


_ 


- 


233 


' 










1/08/76 


2/05/76 


- 


- 


AG 












1/27/76 


2/26/76 


- 


- 


AO 












1/27/76 


2/26/76 


- 


- 


120 








pills 


< 2/05/76 


3/04/76 


- 


4J 


" 












2/13/76 


5/13/76 


- 




~ 












2/25/76 


3/25/76 


- 


-,•' 


- 












2/26/76 


6/24/75 


- 


'■'' 


" 












2/25/76 


7/29/75 


- 


''■''-' 


" 



























56 



PUBLIC DEBT OPERATIONS. 



Treasury Bulletin 



Table PDO-8. - Foreign Series Securities (Nonmarketable) 
Issued to Official Institutions of Foreign Countries— Continued 





;u;, al 


> '-'>■ ' .r. :ollar- 


-i Glial- Txr.o^r. 


i^- :i. ii,:ii:or.. 














IcEue 


Maturity 


Interett 

rate 

(percent) 




Amount 


Vonth or 






Total outstand!ntr 


act'.vily 


occurltie^ 


date 


date 


Issued 


Retired 


end of month 


l'7..-r.t' 


; 


12/02/75 


2/05/76 


!..c7 


_ 


42 










l.->,n2/75 


2/06/76 


5.60 


- 


4= 


20,C90 






1." "."/?'; 


2/13/76 
2/13/76 


5.30 
5.30 


- 


1.33 
13 










li/JJ/75 


2/13/76 


5.18 


- 


196 










2/05/76 


5/05/76 


4.85 


42 


- 








CertiflcateE of IndebtedncES 


2/05/76 
\ 2/06/76 


5/05/76 


4.85 


- 


15 










5/05/76 


4.85 


48 


- 










2/13/76 


5/13/75 


4.90 


54 


- 










2/13/76 


5/13/76 


4.90 


20 


- 










2/13/76 


5/13/76 


4.90 


163 


- 










2/13/76 


5/13/76 


4.90 


26 


- 










2/13/76 


5/13/76 


4.90 


196 


- 










2/13/76 


5/13/75 


4.90 


15 


- 


_ 








' 9/04/75 

2/26/76 

< 3/04/76 


3/04/76 
3/25/76 
8/05/76 




40 


80 
40 


^ 






BillG 


3/04/76 
, 3/25/76 


9/02/75 
12/14/76 




40 

40 


- 










2/05/76 


5/05/76 


4.85 


- 


27 










2/13/76 


5/13/76 


4.90 


- 


'■(- 










.•'/17/76 


5/13/75 


4.90 


- 


''- 






«ar 


Certificates of indebtedness 


1 


5/13/76 
5/13/75 




" 


9 
5 


I 20,070 






.•/nD/76 




11 


- 












'•■6 




i; 


: 










- / -^ 7; 


- - , .'j 


i.'-v 


26 


- 










7/19/7? 


3/22/76 


5.75 


- 


30u 








Notes 


3/22/76 
r 10/09/75 


2/15/83 


7.60 


5i;:i 


- 










4/08/76 


- 


- 


42 


- 






^ 


1/15/76 

1/15/76 


4/15/76 


- 


- 


163 
187 








Bills 


<^ 1/22,7. 
4/0P/7. 




- 


- 


97 












- 


43 


- 










4/15/7.-, 


1 -- ■ 


- 


192 


- 










4/15/".-. 




- 


165 


- 






Apr 




>■ 




4.85 


- 


20 












4.85 


- 


19 




) 20,013 




Certiricaiea or indebtediie.ss 


■/,.-„ ,.. 


W.^7/ V6 


5.10 


- 


11 








3/16/76 


5/16/76 


■1 . ■ ■ 


- 


13 










^ 3/ia/7.l 


5/18/75 




- 


4 








Notes 


4/01/76 


1/31/78 






- 


> 






^ 


r 2-06-76 


5-06-76 


. 


. 


40 








Bills 


I 2-13-76 


5-13-75 


- 


- 


236 








) 5-06-76 


11-04-76 


- 


..J 


- 










I 5-13-76 


11-12-76 


- 


243 


- 










2-06-76 


5-05-75 


4.85 


_ 


9 










2-13-76 


5-13-76 


4.90 


- 


15 










2-13-75 


5-13-76 


4.90 


- 


54 










2-13-76 


5-13-76 


4.90 


. 


147 






Ma.v 




2-13-76 


5-13-76 


4.90 


- 


15 










2-13-76 


5-13-76 


4.90 


- 


196 










) 3-19-76 
\ 5-06-75 


6-18-76 


5.00 


_ 


26 








Certificates of indebtedness 


8-05-76 


4.95 


9 


_ 




) 13'. ---16 






5-06-76 


8-05-75 


4.95 


- 


9 










5-13-76 


3-13-75 


5.10 


54 


- 










5-13-75 


8-13-76 


5.10 


147 


_ 










5-13-76 


8-13-75 


5.10 


15 


_ 










5-13-76 


8-13-76 


5.10 


196 


- 








_ 


5-13-75 


S-13-76 


5.10 


- 


54 








•• 


r 


•'6 


_ 


_ 


47 


> 






Bills 


( 


76 
■., .„ 76 


- 


- 


35 

60 










I r.> V7r. 


12/02/76 


- 


47 


- 






June 


Certificates of indebtedness 


•- :i-/^h 


s/i:-/7f 


t.l' 




20 




1 19,901 






( 








600 






Motes 


I 








- 










\ e/=e,7. 


i/-i/7e 


c,7^ 


i: 


- 








''Bills 


> 2/26/76 


7/29 A5 


_ 


_ 


V'. 


; 


> 






J 4/15A5 


7/15/76 


- 


- 


155 








< 7/15/7.. 


10/UA5 


- 


1.^7 


- 










I, 7/»/76 


3/26/76 


- 




- 






July 


Certificates of Indebtedness 


( 5/13/76 
5/13A5 


tf/l3/V6 


5.10 
5.10 


- 


25 
23 








) 19,758 






(■ 7/07/71 


7/07/76 


5.35 


- 


203 

233 
I'X 








Kotes 


r^3^i 


7/U/76 
3/15/75 


5.80 
7.50 


~ 








v 


\ 7/07 A6 


7.65 


2>j 


- 










1^ 7/U/75 


8A5/76 


7.55 


yyj 









jinw 19^7 



PUBLIC DEBT OPERATIONS 



57 



Table PDO-8. - Foreign Series Securities (Nonmarketable) 
Issued to Official Institutions of Foreig n Countries— Continued 

(P.ayabl'^ in II. ;^. 'iollari-; dollar amounts in millions) 



Men 1.1 1 oi: 
ai-'tivit.v 



Matiiri ty 
date 



Int-:-r.:-Gt. 

TH tP 

(l».rci.Mit) 



Total outslai. 
Rpl.irfjl end of montVi 



1976-Aug. 



Sept. 



S Certl 



ficates of indebtedness 



Bills 

Certificates of indebtednes;; 

Notes 



Certificates of 
indebtedness 



/ Certificates of 
indebtedness 



Certificates of 
indebtedness 



Notes 



Bills 

Certificates of iTidebtedness 

Notes 



i.'-i/76 

''fi/lb 
i/Allh 

'•/\ I '76 
■5/11/713 
5/1 i/76 
8/13/76 
8/13/76 

8/28/75 
8/23/75 

10/..7/75 
lO/j/75 

8/05/76 
0/02/76 

8/1.V70 
8/1 >A6 

V15/72 
V15/70 
4/1^/76 
4/15/76 
7/15/76 
Vi/cn/lb 
10/W76 
\0/-Lt,/lb 
V^/lA/lb 

3/13/7D 
8/13/76 
10/01/76 
10/29/76 
10/29/76 
10/29/76 
WS^/lb 



li:)/01/7b 
10/28/76 
10/23/76 
10/?-'/76 
10/2->/76 
10/29/76 
10/20/76 
10/?5/76 
10/20/76 
10/2O/7D 

•,/Qb/lb 
5/13/76 

11/04/7'; 

11/12/76 

8/13/76 
10/2Q/76 

10/30/75 
11/04/76 
11/12/76 
3/25/75 
b/OVlb 
12/02/76 
12/0Q/75 
\2/\J,/lb 
12/28/76 



10/01/76 
la/in/lb 
12/01/76 
5/29/75 
10/30/75 

10/07/76 
1/06/77 

10/29/76 
12/31/76 

V29/75 
1/28/77 



8/5/76 

a/2b/lb 

9/2/76 

S/13/76 
8/13/76 
8/13/76 
11/12/76 
11/12/76 

8/6/76 

8/9/76 

a/9/76 

8/10/76 

9/02/76 
9/02/76 
9/30/76 

9/21/76 
9/24/76 

^/\i/lb 

2 A 5/81 

10/07/7D 

10/u/7b 

lO/U/75 

1/06/77 

4/14/77 

1/13/77 

1/13/77 

11/12/7D 

11/12/76 

12/09/76 

1/28/77 

4/29/77 

7/2.1/77 

10/28/77 



9/30/78 
8/15/31 
1/30/7-' 
4/28/73 
9/28/78 

10/80/78 
1/29/79 
4/30/79 
7/30/79 

10/29/70 

11/04/76 

11/12/76 

2/03/77 

5/12/77 

11/12/76 
1/28/77 

3/31/77 
11/15/81 
11/15/81 

12/14/76 
12/02/76 
6/02/77 
3/10/77 
4/14/77 
3/31/77 



12/09/76 
1/28/77 
3/31/77 

12/28/76 
4/30/77 

1/06/77 

c/OO/77 

1/28/77 
3/31/77 

1/28/77 
5/15/82 



5.10 
5.10 
5.10 
5.20 
5.20 

3.;'5 
5.50 
7.125 
7.25 



2.50 
7.375 



5.2^ 
5..?0 
5.10 
4 .05 
5.25 
5.35 
5.50 



6.25 

7.625 

5.70 

5.80 

5.95 

5.00 

6.05 

6.15 

6.20 

6.25 



5.20 
4.95 

6.50 
7.75 
7.75 



5.10 
4.95 
4.30 
6.65 
7.375 



4.05 
4.. 30 



6.65 
3.00 



20 
50 



6? 
211 



43 
197 
169 



200 
143 
144 
U4 
U4 



400 
100 
96 
96 
96 
95 
48 
43 
4? 
48 



40 
250 



200 
200 



47 
240 

40 
300 



43 



300 



40 

50 



15 
1D6 



75 
7'' 

10(> 
lijO 

40 

20 

10 
25 



4? 
192 
167 



15 
195 



40 
243 



27 
36 



200 
60 



300 
150 



43 



47 
15 



300 



\ 19,368 



20,691 



20,903 



20,753 



20,689 



58 



PUBLIC DEBT OPERATIONS. 



Treasury Bulletin 



Table PDO-8. - Foreign Series Securities (Nonmarketable) 
Issued to Official Institutions of Foreign Countries— Continued 





...y,>blv 


ii. L.J. Jolliirs; 


aoli?ir rii; our;t 


.; Ir. rT.iiliorisJ 
















Mntui-Ity 
date 


Interest 


Ajnount 


Month of 
activity 


:jefuritle3 


if.e 


rate 

( percent ) 


Issued 


Retired 


Total outstanding 
end of month 




r 


/ 11/04/76 


2/03/77 


. 


. 


40 


•v 






Bin J 


\ 2/03/77 
I. 2/23/77 


5/05/77 
5/26/77 


- 


40 


- 






iQVV-Pf-fr -. 


Certificates of Indebtedne::: 


10/29/76 
r 5/29/75 


4/29/77 
2/28/77 


5.25 

6.9c 


- 


^5 




20,575 






Notes 


/ 13/02/75 
\ 2/28/77 


2/28/77 
8/15/80 


6.0G 


" 


- 










f 12/09/76 


3/10/77 


- 


- 


240 


*> 






Bills 


I '^-/h'-;. 


V/1/77 
•i/."t/77 


" 


: 


■iLlCl 






Mfir 


Certificates of indebtedne:::; 


/* 




5.. '5 
5.90 


- 


- . 




20,617 




) 








■-■.'1': ■•■■. 




;^ . 5n 


_ 














5/27/75 






- 


.■'■ 












J/10/77 






.'00 


- 








Notes 


\ d/li/Tl 




?.■':' 


100 


- 












3/22/77 








- 












3/25/77 








- 








>.. 




3/31/77 


12/31/80 


5.875 


5fi. 


- 


■V 




f 


)• 10/14/76 


4/14/77 


- 


- 


197 










l.VU/76 


4/li/77 


- 


- 


AO 








Bills 




5/26/77 


- 


- 


7 










\ i/U/77 


in/i /77 


- 


.■>02 


- 










L .;/l../77 


1 1 7" 


- 




- 






Apr 


/Certificates of indebtedne;^:: 


( '/-7/75 


r^r. 


5.25 


- 


a 


/ 20,469 










Notes 


/ n/lc./75 


4/1 

1 




" 


- 








Bonds 


f .',/l-</77 








- 


, 






*. 
f 




.1 1 . , "■- 


1 


. 


- 




■> 






Bills 


{ : -/77 


5/ 


- 




ir: 












■"/77 


8/ 


- 




- 












-/1.V77 


11/1 


_ 




- 












L 5/26/77 


i- 


- 


iC 


- 




^ 20,423 


May 


Certificates of indebtednei!y 


10/29/76 
r 1/09/75 


/ 
5/15/77 


5.^5 


- 


i^ 












5/27/75 


5/27/77 




- 












6/19/75 


5/1°/- 


0. V V 


- 


■■■^KJ 








Notes 


< 5/16/77 


1/U/--'- 


5.875 


100 


- 










5/19/77 


;v'iv.-; 


6.375 


300 


- 










I, 5/27/77 


2/15/S.j 


8. CO 




- 


J 




^ 















"■"^nr^c: nuiea.: ■* f the Public Debt. 
* Leas than $500,000. 



June nn 



59 



.PUBLIC DEBT OPERATIONS 



Table PDO-9. - Foreign Currency Series Securities (Nonmarketable) 
Issued to Official Institutions of Foreign Countries 

I Iiollar amoiint.s in millions 





Securities 






Issue 
date 


Mati-irity 
date 


Interest 
ra he 


Amount 
' ri'illar equivalent) 


activity 


in — 


IS.,.-. 


Ke r li-ed 


Total outstanding 
end of month 


1972-J-jly 


1 Certificates of indebtedness 
1 Notes 


/ Swiss francs 

\^ Swiss francs 

German marks 


1/21/72 

7/21/72 

7/3/67 


7/21/72 

1/19/73 
7/3/72 


3.50 
4. '75 
5 . .'f* 


114 


111 
76 


) "^ 


Aug 


Certificates of indebtedness 


r Swiss francs 
j Swiss francs 


2/4/72 
9/4/72 


8/4/72 
2/2/73 


3.t25 
4.25 


57 


S^i 


2,000 


Sept 


Notes 


/ Swiss francs 
\ Swiss francs 


6/1/71 
9/1/72 


9/1/72 
11/30/73 


5.15 
5.50 


29 


28 


2,001 


Oct 


Notes 


r German marks 
/ Swiss francs 
1 Swiss francs 


4/1/68 

7/6/71 

10/6/72 


iij/;/T2 

rVo/72 
1/7/74 


5/;' 

0.15 
5.70 


59 


153 


> 1,350 


M'l 

Nov 


Notes 


TSwiss francs 
/ Swiss francs 
\ Svriss francs 

V Swiss francs 


8/6/71 

8/19/71 

11/6/72 

11/20/74 


11/6/72 

11/20/72 

2/6/74 

2/20/74 


6.35 
5.65 

5.40 
5.2"; 


29 

32 


28 

31 


\ 1,852 


Deo 


Notes 


German marks 
Swiss francs 
, Swiss francs 
Swiss francs 
Swiss francs 


6/24/68 
9/10/71 
9/13/71 

12/11/72 
12/13/72 


12/22/72 

12/11/72 

12/13/72 

3/11/74 

3/13/74 


6.25 
5.45 
5.55 

5.50 

5.47 


235 
26 


l-'3 

275 

26 


1 1,710 




Certlhcaxei- of inciebtedness 


Swiss francs 
Swiss francs 


7/21/72 

l,.'l'--i/73 


1/19/73 
7/19/73 


4. i?*^ 


114 


114 


-V 




1973-Jan 


1 

Notes 


TSwiss francs 
/ Swiss francs 
^ Swiss francs 

V. Swiss francs 


10/8/71 

10/29/71 

1/8/73 

1/29/73 


1/8/73 
1/29/73 

4/8/74 
4/29/74 


5.25 
4.85 

5.70 
6.00 


35 

45 


33 

43 




1,713 




Certificates of indebtedness 


1 Swiss francs 
\_ Swiss francs 


S/4/72 
2/2/73 


2/2/73 
8/2/73 


4.25 
5.75 


57 


57 




1,561 


Feb 


Notes 


German marks 


8/19/69 


2/19/7 J 


3.05 


11/ 


I'.4 


^ 




Mar 


Notes ■ 


( Swiss francs 
\ Swiss francs 

Swiss francs 
Swiss francs 


12/9/71 
3/9/73 

1/19/73 
2/2/73 


3/9/?3 
6/7/74 

7/19/73 
8/2/73 


4.80 
6.625 

=..75 


129 

10 
s 


111 


J 


1,578 




Certificates of Indebtedness 2/ 






Apr 


Notes 2/ 


< 


German marks 
Swiss francs 
Swiss francs 
Swiss francs 
Swiss francs 
Swiss francs 
Swiss francs 
Swiss francs 
Swiss francs 
Swiss francs 
Swiss francs 
Swiss francs 


10/2/69 

8/27/71 

5/18/72 

5/30/72 

9/1/72 

10/6/72 

11/6/72 

11/20/72 

12/11/72 

12/13/72 

1/8/73 

1/29/73 


10/2/73 

8/27/73 

8/20/73 

8/30/73 

11/30/73 

1/7/74 

2/5/74 

2/20/74 

3/11/74 

3/13/74 

4/8/74 

4/29/74 


2.051 

5.67 

4.77 

4.55 

5.50 

5.70 

5.40 

5.25 

5.50 

5.47 

5.70 

6.00 


19 
46 
4 
4 
3 
6 
3 
\ 
26 
2 
3 
4 


- 




' 1,743 




Notes 


1^ Swiss francs 
) Swiss francs 
\ Swiss francs 

Lswiss francs 


1/5/72 
1/17/72 

4/5/73 
4/17/73 


4/5/73 
4/17/73 

7/5/74 
7/17/74 


4.50 
4.15 
6.93 
6.70 


29 

170 


25 
148 






Jvay 


Certificates of indebtedness 


f Swiss francs 
\ Swiss francs 


1/19/73 
7/19/73 


7/19/73 
1/18/74 


6.125 


127 


124 


1 1,746 




Certificates of indebtedness 


Swiss francs 


2/2/73 


8/2/73 


5.75 


- 


62 


- 




Aug 


< 

Notes 


{ 


Swiss francs 
Swiss francs 
Swiss francs 
Swiss francs 
Swiss francs 
Swiss francs 
Swiss francs 


8/27/71 
5/18/72 
5/30/72 
8/2/73 
8/20/73 
8/27/73 
8/30/73 


8/27/73 
8/20/73 
8/30/73 
11/1/74 
11/20/74 
11/27/74 
11/29/74 


5.67 

4.77 

-1.55 

8.70 

8.25 

8.125 

5.20 


64 

4'Xi 


301 

37 

383 




, 1.758 


Oct 


Notes 


German marks 


3/3/72 


10/2/73 


2.051 


- 


172 


1,586 


Nov 


Notes 


i Swiss francs 
\ Swiss francs 


9/1/72 
11/30/73 


11/30/71 
2/28/75 


5.50 
6.98 


33 


32 


1,586 
> 




Certificates of indebtedness 


fswiss francs 
\ Swiss francs 


7/19/73 
1/18/74 


1/18/74 
7/18/74 


6.125 
8.05 


127 


127 


> 1 588 


1974TJan 


Notes 




Swiss francs 
^Swiss francs 


10/6/72 
1/7/74 


1/7/74 
4/7/75 


5.70 
7.07 


67 


65 




/ 



Footnotes at end of table. 



60 



Treasury Bulletin 



PUBLIC DEBT OPERATIONS, 



Table PDO-9. - Foreign Currency Series Securities (Nonmarketable) 
Issued to Official Institutions of Foreign Countries —Continued 









(t'oiiur (imomits In null 


Ions! 


























/jfoiii.:. 




Securities 


Payable 
In — 


Issue 
date 


Maturity 
(late 


Interest 
rate 

{ percent; 




llXjllar o-juivaient) 


uetlvlly 


rriioi 


R.-t!r.!iJ 


Total outstanrlliu: 
end of laonth 


1974-Fol. 


Note 2 


f ;>'*Lcs Ii'aiics 
j Swiss francs 
\ Swiss francs 

L Swiss francs 


1V20/72 
2/06/74 
2/20/74 


■;/uo/74 
2/20/74 
5/06/75 
5/20/75 


5.40 
5.25 
6.60 
6.60 


J^ 


' - 


) 1,589 


Mar 


Motes 


^ Swiss francs 
J Swiss francs 
\ Swiss francs 
^ Swiss francs 


12-11-72 

12-13-72 

3-11-74 

3-13-74 


3-11/74 
3-13-74 
6-11-75 
6-13-75 


5.50 

5.47 
7.15 
7.25 


:-iE 
?o 


:■ 1 . 


> 1,597 


Apr 


Notes 


Swiss francs 
Swiss francs 

( Swiss francs 
Swiss francs 
Swiss francs 

^ Swiss francs 


1-08-73 
1-08-73 
1-29-73 
4-08-74 
4-08-74 
4-29-74 


4-08-74 
4-03-74 
4-29-74 
7-03-75 
7-08-75 
7-29-75 


5.70 
5.70 
6.00 
8.40 
8.40 
8.60 


24 
15 

50 


1.. 


) 1,599 


June 


Notes 


C Swiss franca 
1 Swiss francs 


3-09-73 
6-07-74 


6-07-74 
9-08-75 


6.625 
8.35 


l?^ 


129 


1 1,599 






Certificates of indebtedness 


f Swiss francs 
1 Swiss francs 


1-18-74 
7-18-74 


7-18-74 
1-20-75 


8.05 
7.90 


12- 


l.:- 


"^ 


Julo- 


< 


Motes 


r Swiss francs 
J Swiss francs 
\ Swiss francs 

l^ Sw iss francs 


4-05-73 
4-17-73 
7-05-74 
7-17-74 


7-05-74 

7-17-74 

10-06-75 

10-17-75 


6.93 
6.70 
8.55 
8.40 


IV 


170 


> 1,599 


Nov 


Notes 


Swiss francs 
Swiss francs 
Swiss francs 
Swiss francs 
' Swiss francs 
Swiss francs 
Swiss francs 
Swiss francs 


8-02-73 

8-20-73 

8-27-73 

8-30-73 

11-01-74 

11-20-74 

11-27-74 

11-29-74 


11-01-74 

11-20-74 

11-27-74 

11-29-74 

2-02-76 

2-20-76 

11-26-75 

3-01-76 


8.70 

8.25 

8.125 

8.20 

7.94 

7.30 

7.35 

7.30 


33 


38 


^ 


' 1,599 


1975-Jan 


/certificates of indebtedness 


Swiss francs 


7/18/74 


1/20/75 


7.90 


- 


127 






1 Notes 


Swiss francs 


1/20/75 


4/20/76 


6.97 


Xil 


- 




Feb 


Notes 


j Swiss francs 
\ Swiss francs 


11/30/73 
2/28/75 


2/28/75 
5/28/76 


6.98 
6.10 


- 


- 


I 1,599 


Apr 


Notes 


r Swiss francs 
Y Swiss francs 


1/7.-74 


4/7/75 
7A7/7T 


7.07 
6788 


67 


b7_ 


1,599 


Uiy 


Notes 


[ Swiss francs 
J Swiss frfincs 
\ Swiss francs 
j Swiss francs 


2/06/74 
2/20/74 
5/06/75 
8/20/75 


5/06/75 
5/20/75 
8/06/76 
8/20/76 


6.60 
6.60 
6.80 
6.40 


3"- 


33 
j6 


\ 1,599 


June 


Notes 


' Swiss francs 
Swiss francs 

( Swiss francs 
Swiss francs 

I Swiss francs 


3/11/74 
3/13/74 
6/11A5 

6'11,'V- 


6/11/75 

6/13/75 

9/10/76 

12/10 '76 

6/14/76 


7.15 
7.25 
5.21 
6.39 
5.79 


148 

170 

30 


318 
30 


) 1,599 


Jjly 


Notes 


1 Swiss francs 

J Swiss francs 

\ Swiss francs 

Swiss francs 


4/2V74 
7/08/75 
7/29/75 


7/0E/75 

7/20/75 

lO/OE/76 


8.40 
8.60 
7.15 
7.35 


38 


38 
50 


> 1,599 


Sept 


Notes 


pSwiss francs 
Swiss franco: 


6/7/74 
9/8/75 




8.7-5 
7.75 




129 


I 1,599 


Oct 

Nov 


Notes 
Notes 


[Swiss francs 
/ Swiss francs 
\ Swiss francs 

V Swiss francs 

/ Swiss francs 

Swiss francs 


7/05/74 
7/17/74 
10/06/75 
10/17/75 
11/27/74 
11/26/75 


10/06/75 

10/17/75 

4/06/77 

4/18/77 

11/26/75 

5/26/77 


8.55 
8.40 
7.70 
7.25 
7.35 
6.95 


29 

170 

400 


29 

170 

400 


) 1,5^ 
1 1,599 


1976-Feb 


Notes 


1 Swiss francs 

I Swiss francs 

\ Swiss francs 

Swiss francs 


11/03/74 
11/20/74 


2/02/76 
2/20/76 
8/02/77 
8/19/77 


7.94 
7.30 
6.08 
6.35 


64 
38 


64 
38 


j 


Mar 




Notes 


Swiss francs 


:/v/7- 


3/01A6 
9/01/77 


7.30 
6.40 


33 


33 




1,599 



}u)ic np7 



.PUBLIC DEBT OPERATIONS 



Table PDO-9. - Foreign Currency Series Securities (Nonmarketable) 
Issued to Official Institutions of Foreign Countries— Continued 



61 



Month or 
activity 



197b-Air. 

May. 

June 

July 

Aug. 

Sept 
Oct.. 

Nov.. 

Dec. . 

Iy77-Jan.. 
Feb . . , 

Mar. . . 

Apr,, 
l/ay... 



.>curities 



Notes 

Notes 
Notes 



Notes 
Notes 



Notes 
Notes 



Paj-able 



.^■i£; iranct 

Swis£ francs 

Swiss francs 

;Tw1e£ francs 

Swiss francs 

Swiss francs 

Swiss francs 

Swiss francs 



'' Swiss 
Swiss 
Swiss 

^ Swiss 

Swiss 
Sv/iss 

Swiss 
Swiss 



francs 
francs 
francs 
francs 

francs 
francs 

francs 
francs 



Swiss francs 
t, Swiss francs 

Swiss francs 

Swiss francs 
Swiss francs 
Swiss francs 

Swiss francs 

Swiss francs 

fSwiss francs 

, Swiss francs 

jwiss francs 

[Swiss francs 

ISwiss francs 

iSwiss francs 

Jwiss francs 

f3wiss francs 
Swiss francs 



Issue 
date 



/,/20/75 

2/28/75 
V28/76 

6/13/75 
6/14/76 

V07/75 
7/07/76 

V6/75 
5/20/75 

8/6/76 
8/20/76 

6/11/75 
■1/10/76 

10/8/7D 

7/29/75 
10/29/76 
6/11/75 

6/11/75 
•1/08/75 
12/10/76 

o/oa/75 

9/08/75 

9/08/75 

10/06/75 

3/08/77 

10/06/75 

10/17/75 

11/26/75 

V18/77 

11/26/75 
5/26/77 



Matur i ty 
date 



10/20/77 

5/28/76 

11/28/77 

6/U/76 
12/14/77 

7/07 Ah 
1/06/78 

8/6/76 
8/20/76 

2/6/78 
2/20/73 

9/10/76 
3/10/7.-! 

10/8/76 
4/07/78 

10/29/76 
4/28/78 

12,'l0/76 

12/10/76 
3/08/77 
6/09/78 

3/08/77 

3/08/77 

.3/08/77 
4/06/77 
9/08/78 

4/06/77 

4/18/77 

5/26/77 

10/16/78 

5/26/77 
11/27/78 



Interest 

rate 

(percent) 



6.10 
6.10 
7.05 
5.79 
6.75 
6.88 
D.70 

6.80 
6.40 
6.50 
6.35 



7.15 
5.95 

7.35 

5.80 

6.39 

6.39 
7.75 
5.25 

7.75 

7.75 

7.75 
7.70 
5.9tl 

7.70 
7.25 
6.95 
5.60 

6.95 
6.10 



Ajnount 
(Dollar equivalent) 



33 
36 



148 



160 

360 



14-; 
33 
50 
20 



56 
26 



170 
14 



Total outstanding 

erid of month 



1 . 599 
1 , 599 
1,599 
1,599 



1,599 

1,579 
1,546 

1,520 
1,494 

1,461 
1,434 



Source; b^^ireau of tiie r^jblic lebt. 

1/' The principal amount of this note was increased Jl million to compen- 
sate for a lower interest cost than was anticipated when the note was 



revalued in 1J70. 

Dollar value of securities increased to reflect market exchange rates 

as of February 12, 1973. 



62 



Treasury Bulletin 



.UNITED STATES SAVINGS BONDS. 



Series E and Series H are the only savings bonds cur- 
rently sold. Series E has been on sale since May 1, 1941, 
and Series H has been on sale since .hine 1, 1952. Series 
A - D were sold from March 1, 1935 through April 30, 1941. 
Series F and G were sold from May 1, 1941 through April 
30, 1952. Series J and K were sold from May 1, 1952 through 



April 30, 1957. Details of the principal changes in issues, 
interest yields, maturities, and other terms appear in the 
Treasury Bulletins of April 1951, May 1952, May 1957, Oct&ber 
n- '.fay and October 1961, June 1963, and 

.■''/: ; : the Anrial Report of the Secretary of 

the Treasury for f i c 1966 through 197.4 . 



Table SB-1. - Sales and Redemptions by Series, Cumulative through May 31, 1977 

(Ir. ■' ■Sollars) 





Sales 1/ 


Accrued 




Hedeuipt ion;-. 1/ 


Amount outstanding 


Series 


Interest- 
bearing debt 


totured 
non-^nlereet- 
bearing debt 


Series A-D 2/ 

Serii ■ 


',949 

19", "CO 


50,'249 

1,125 

198 


^43,949 

29,521 

3,754 


170,041 

29,505 

3)751 


73,908 


3 


Ser; 


16 


Seri' 


3 








229,600 


52, «7 


;.-",.„- 


208,296 


73,90? 









Footnotes at end of Table SB-4. 



Table SB-2. - Sales and Redemptions by Periods, All Series Combined 



fiscal years : 
ln-5-*7 

1971.!....!. 

1972 

1973 

1974 

1975 

1976 

T.q 

Calendar years 

1935-66 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

Month 3 - 

197«^Uay. , 
June, 

July, 
Aug., 
Sept, 
Oct., 
Nov., 
Dec, 

1977^an., 
Feb., 
Mar. 
Apr. , 
Uay. 



Sales 1/ 



170,678 
4,739 
4,550 
4,449 
5,082 
5,940 
6,514 
6,429 
6,826 
7,29? 
1,831 



Accrued 
discount 



27,424 
1,735 
1,789 
1,841 
2,056 
2,310 
2,564 
2,749 
3,252 
1,496 



.. , 'J-'"- 


I 75 n 


i, ;q ' 


1,832 


4,665 


1,909 


i.at 


2,192 


6,236 


2,426 


6,270 


2,67- 


6,862 


2,994 


7,01? 


3,368 


7,555 


3,507 


648 


281 


603 


-•01 


632 


■^26 


642 


284 


558 


292 




306 




296 




315 


677 


345 


668 


306 


711 


307 


683 


328 


709 


305 



(In millions of dollars) 



Sales plus 

accrued 

discount 



198,102 
6,4'73 
6,338 
6,291 
7,138 
8,249 
9,078 
9,178 
10,078 
10,790 
2,735 

194,660 
6,584 
6,455 
6,224 
6,574 
7,669 
8,662 
8 04^ 
a,f'56 

11,152 

929 
904 

959 
926 

850 
go- 

eofe 

948 

1,022 
973 
1,018 
1,011 
1,014 



Redemptions 1/' 



146,800 
5,982 
6,339 



748 
425 

338 
585 
681 
519 
6,543 
1,717 



143,745 
5,793 

6,1"'- 
6,6-r- 
6,2^0 

5,244 
5,365 



504 
566 



569 
594 

554 



541 

568 
515r 
'91 
563 



Sales 
price 2J 



132, 0'3 
4,^78 
5,2:7 
5,508 
4,342 
4,306 
4,494 
5,366 
5,173 
5,133 
1,346 

129,471 

4,842 



391 
441 

445 
466 

435 



504 
447 

477r 

455 

434 



Accrued 
discount 1/ 



14,76b 
1,003 
1,102 
1,240 
1,083 
1,032 
1,092 
1,3U 
1,346 
1,409 
371 

14,274 
951 
1,040 
1,182 
1,223 
1,021 
1,043 
1,266 
1,354 
1,332 
1,483 

112 
124 

124 
127 
120 
112 
111 
130 

137 

121 

138r 

136 

129 



Amount outstanding 



Interest- 
bearing debt 



51,213 

51,712 

51,711 

51,281 

53,3 

55,9.'>1 

59,418 

61,921 

65,482 

69,733 

70,752 

50,752 
51,581 

51,917 
51,54° 
51,84." 
54,275 
57,57' 
60,317 
63,349 
67,464 
71,853 

69,394 
69,733 

70,428 
71,07; 
70,75; 
'71,11^ 

71,;;-- 

71,853 

72,234 
72,640 
73,037 
73,457 
73,903 



Matured 
non-interest- 
bearing debt 



82 
82 



29 
27 
23 
22 

164 

126 

112 



42 
37 
31 
26 
25 
17 



24 
23 
22 
23 
22 
21 
21 
17 

17 
17 
22 
22 

22 



Footnotes at end of Table SB-4. 



June 19^7 



63 



.UNITED STATES SAVINGS BONDS. 



Table SB-3. - Sales and Redemptions by Periods, Series E through K 



(In millions of LlollarsJ 



Sales 1/ 



Accrued 
discount 



Sales plus 

accured 

discount 



Redemptions 1, 



Sales 
price 1/ 



Accrued 
discount j/ 



outstandirL? 



Interest -tearing 
debt 



Matured 
non-interest- 
bearing debt 



Series £ and H i;ombined 



Fiscal years : 

1941-67 

1958 

196a 

1970 

1971 

W72 

1973 

107^ 

1975 

1976 

T.tJ 

Calendar ve.irs 

1941-66 

1967 

1968 

1Q50 

lq70 

1971 

1972 

1973 

1974 

1975 

1976 

Months : 

1975-May 

June 

July 

Aug 

Sept 

Oct 

Nov 

Dec 

1977 -J an 

Feb 

Mar 

Apr 

May 



134,778 
4,7^^q 
4.":'50 



5 ,Q IQ 

0.514 

6^826 

7,20? 

■ 1,83:- 

132,161 
4,808 

-'. . 606 



5,477 
6,2 -6 
6,270 
6,862 

7,!.H8 
7.555 



"II 
70'=l 



25,051 

1.7 U 
1,788 
1,841 
2,05b 
2,310 
2,564 
2,749 
3,252 
3,496 

902 

24,230 
1,580 
1,757 

1.8 32 
l,'90q 
2,162 
2,426 
2,673 
2,994 
3,368 
3,567' 



281 
301 

326 
284 
292 
306 
266 
315 

345 
306 

307 
328 
305 



159,82° 
6,470 
6,337 
6,291 
7,138 
8,249 
9,078 
9,178 
10,078 
10,790 
2,735 

156,391 
6,578 
5,452 
6,224 
6,574 
7,666 
8,552 
8,943 
9,856 
10,406 
11,152 



926 

904 

956 
925 
850 
893 
895 
948 

1,022 
973 

1,018 
1,011 
1,014 



106,012 
5,715 
6,168 
5,721 
5,415 
5,331 
5,581 
6,675 
6,517 
6,5:^0 

1,715 

105,176 
5,439 
5,615 
6,565 
5,281 
5,237 
5,359 
6,206 
5,824 
6,290 
6,752 



503 
565 

568 
565 
553 
5 31 
504 
601 

541 
558 
521 
591 
563 



96,457 
4,739 
5,112 
5,484 

4,334 
4,294 
4,490 
5 . 361 
5,172 
5, 130 
1,345 

94,120 
4,519 
4,898 
5,391 
5,060 
4,217 
4,311 
4,972 
5,471 
4,959 
5,281 

391 
441 

444 
467 
433 
419. 
393 
472 

504 
445 
481 
455 
434 



,555 

676 
,086 
,237 
,082 
,037 
,061 
,314 



1,345 

1,406 

371 

12,059 

919 

1,017 

1,173 
1.221 
1,020 
1,046 
1,234 
1 , 353 
1,331 
1,481 



112 
124 

123 
128 
119 

112 
111 
129 

137 

121 
140 
136 
129 



50.817 
51,572 
51.711 
51,281 
53,003 
55,921 
59,418 
61,621 
55,482 
69,733 
70,752 

50,212 
51,352 
51,860 
51,54° 
51,842 
54,275 
57,579 
60,317 
53,349 
67,464 
71,853 

69,394 
69,733 

70,428 
71,079 
70,752 
71,113 
71,506 
71,853 

72,234 

72,640 
73,037 
73,457 
73,908 









Series F. 


0. J, and K combined ^ 








Fiscal years: 

1941-67 


<1.651 

- 
- 

: 1.651 


1,318 
4 
1 

1, 315 
6 
2 


33,269 
4 
1 

33,256 
6 
2 


32,793 

266 

140 

27 

8 

6 

5 

5 

1 

32,572 

353 

218 

74 

13 

7 

5 

5 

5 

1 

8 

1 
1 

1 

-1 

1 

1 

4 


31,524 

239 

124 

24 

7 

5 

4 

4 

1 

3 

i 

31,322 
321 

194 
55 

11 

6 
5 

4 
4 
* 

6 

1 
1 

1 
-1 

1 
1 

3 

* 

-4r 


1,269 
27 
16 

* 

1,250 
32 
23 
9 
2 
1 
1 
1 
1 
* 
2 

* 
1 

-Ir 


367 
140 

540 
229 

27 


80 


1958 


75 


1666 


76 


1670 


49 


1671 


41 


1672 


34 


I673 


30 


lq74 


25 


1675 


24 


1975 


20 


T.Q 




Calendar years: 

1941-66 


155 


1967 


118 


1968 


105 


196° 


58 


1670 


44 


1071 


37 


1972 


32 


1°73 


27 


1074 


22 


1Q75 


21 


1676 


13 


1976-Majf 


21 




20 


July 


19 




20 


Sept 


19 


Oct 


18 




18 


Dec 


13 


1977^an 


13 


Feb 


13 

18 


Mar 


Apr 


18 


May 






18 


Footnotes at end of Table SB 


-4. 

















64 



Treasury Bulletin 



UNITED STATES SAVINGS BONDS, 



Perlcx! 



Table SB-3. - Sales and Redemptions by Periods. Series E through K -Continued 



Sales 1/ 



Accrued 
d I; count 



(in rJllIonB of dollars) 



Sales plus 

accrued 

discount 



■iemptions l/ 



Sales 
prl.ei/ 



Accrueti 
discount j/ 



Exchange of 

E bonds for 

H horAs 



Amount 
outstanding 
(Interest- 
bearing debt) 



^lllW'- 


124.707 
.;,466 
4,343 
4.2>--^' 
..,.S70 

5,6W 
6,1.>0 
6,U5 
6,503 
6,075 
1,761 

122,276 
.;,574 
4 45? 
!,',!?.! 
4,503 
5,21.3 

5,. '.38 
"[524 
6.72" 
7,245 

620 
584 

eos 

615 
537 
566 
576 
611 

641 
64.' 
6"Q 


25,051 
1,731 

1,783 

l,f^41 

2,0'>'. 

2.310 
2,564 
2,749 
3,252 
3,496 
902 

24,230 
1,630 
1,757 
1,.332 
1,'>0>) 
2, 192 
2,426 
2,673 
2,'i"4 
3,368 
3,597 

281 
301 

326 
234 
292 
306 
296 
315 

345 
306 
307 
128 


U9,758 
6,196 
6,131 
6,130 
6,92i 

7,960 
8,755 
8,894 
9,755 
10,471 
2,663 

14&, 506 
6,255 
6,209 
6,052 
6,412 
7,411 
8,348 
8,661 
9,518 
10,097 
10,841 

.-)01 

872 
872 
926 

986 
948 
986 

984 


105,177 
5,154 
5,548 
5,959 

4; 159 

4,972 
5,2(» 
6,156 

6,063 

6,114 
1,611 

102, 599 
4,941 
5,300 
5,335 
5,626 
4,871 
5,007 
5,740 
6,318 
5,886 
6^336 

5 36 

519 
499 
471 

566 

604 
534 


92,622 

4,178 
4,462 
4,722 
3'877 

3,932 

4,118 
4,842 

4,71? 

l[."4: 

90,540 
4,022 
4,2.33 
4,661 
4,405 
3,851 
3,958 
4,507 
4,965 
4,555 
4,855 

356 
399 

413 
428 

400 

3-7 

360 

437 

466 
412 

442 
419 


12, 555 

976 

1,086 

1,237 

1,082 

1,037 
1,091 
1,314 
1,346 
1,409 
371 

12,059 
919 
1,017 
1,173 
1,221 
1,020 
1,049 
1,234 
1,353 
1,331 
1,481 

112 
124 

123 

128 
119 
112 
111 
129 

137 
121 

140 

136 


1,622 
196 
184 

ao 

231 
292 
338 
310 
310 
326 
80 

1,510 
21 1'.' 
1 -1 
130 
228 
249 
329 
319 
310 
326 
327 

25 

29 

26 
26 
28 
26 
26 
27 

31 
26 
28 

24 


42,959 


106.^ 


43,805 


1969 


44,205 


1970 


44,167 




.5,»2 


1972 


48, 598 


1973 


51,806 


1974 


54,234 


1975 . ; 


57,617 


1976 


61,648 


T.Q 


62,621 


Calendar years: 

1941-66 


42,398 


1967 

1968 

1969 

1970 

1971 


,0.504 

44,818 
47,108 


1972 


50,120 


1973 

1974 

1975 

1976 

Months: 


52,723 
55,613 
59,498 
63,676 

61,316 
61,648 


July 


.^2,325 

.^2,064 


Sept 

Nov 

Dec 

1977-Jan 


.32,6a 
■J.-',968 
^-."•43 




0^,04 
64,790 
o5,194 


War 




May 







Fiscal voars; 

1952-67 


10,071 


1968 


27? 


1969 


^07 


1970 


160 


1971 




1972 




1973 


322 

234 


1974 


1975 


324 
313 


1976 


T.Q 




Calendar years: 

1952-66 


^ 335 


1967 


324 

•344 


1968 


196^ 


1970 


162 


1971 


2y' 


1972 


314 
232 


1973 


1974 


333 


1975 






' 


23 




I'l 


July 


24 


Aug 


27 


Sept 


21 


Oct 


a 


Nov 


24 


Dec 


22 


1977-Jan 


36 
26 


Feb. 


Mar 


32 




27 


>*>y 


31 



212 
289 
322 



31s 
72 

9,885 
324 
244 
172 

16? 



3,^35 



425 
104 

3,580 
497 
615 

730 
65'-' 





404 


„., 


427 


23 


35 


19 


42 


24 


31 


27 


39 


21 


34 


a 


32 


24 


33 


'■-' 


.-■'.• 


36 




26 


34 


32 


39 


27 


35 


31 


35 



3,835 



457 
359 

372 
519 

455 
425 

10.'. 

3,53: 
.",97 
615 
730 
655 
366 
353 
465 
506 
404 
427 

35 
42 

31 
39 
34 
32 
33 
34 

38 
34 
39 

35 
35 



1,622 
196 
184 

ao 

231 
292 
338 
310 
310 
326 
30 

1,510 
207 
191 
130 
228 
249 
323 
319 
310 
326 
327 

25 
29 

26 
26 

28 
26 
26 
27 

31 

26 
28 
24 
24 



V,.Jl 

•', -23 

".•;i2 

7 , .'.36 
■ .-'65 
■', '34 

'.:3i 

7,315 

7,84s 



7,lu7 
7,458 
7,594 
7,736 
7,966 
8,177 

8,077 
8,084 

3,103 
8,116 
8,131 
8,146 
3,163 
3,177 
8,207 
3,225 
8,247 
8,263 
8,284 



Footnotes at end of Table SB-4. 



jutie nn 



65 



.UNITED STATES SAVINGS BONns. 



Table SB-4. - Redemptions of Matured and Unmatured Savings Bonds 



Fiscal years : 

1951-61 

1962 

1963 

1964 

1965 

1966 

1967 

1966 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

T.Q 



Calendar years : 

1951-60 

1961 

1962 

1963 

1Q64 

1Q65 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1Q71 

1974 

1975 

1976 

Months : 

1976- May 

June 



July. 
Aug.. 
Sept. 
Oct.. 
Nov. , 
Dec. 

1977^an. . 
Feb.. 
Mar. . 
Apr. , , 

May. . . 



113,654 
5,716 
5,27! 
5,164 
5 , 346 
5,724 
5,922 
5,982 
6,339 
6,748 
5,425 



, 5eo 

,ngl 

,517 



71,804 
5,5^5 
5,b02 
5,021 
5,252 
5,441 
D,000 

5,70-: 

b,l- 
6,b.':Q 
b,295 
5,244 
5,365 
6,210 
6,833 
6,291 
6,771 



504 
566 

566 
5')4 
554 

5 '2 
504 

b41 
56:3 
61 5r 
591 
563 



(In millions of dollrirsj 



32,587 
2,593 
2,250 
2,057 
2,184 
2,253 
2,471 
2,548 
2,560 
2,792 
2,490 
2,043 
2,126 
2,729 
2,544 
2,820 
707 

31,005 
2,555 
2,387 
2,043 
2,171 
2,148 
2,472 
2,386 
2,652 
2,686 
2,841 
2,022 
2,053 
2,508 
2,627 
2,481 
3,275 

278 
242 

301 
207 
255 

134 
269 
618 

301 

353 

298r 

29g 

233 



Oeries E 
and H 



17,010 
1,668 
1,5Q3 
1,754 
1,938 
1,973 
2,059 
2,289 
2,417 
2,762 
2,481 
2,036 
2,121 
2,724 
2,545 
2,816 
794 

16,130 
1,63 1 
1,656 
1,617 
l,88ci 
1,932 
2,080 
2,041 
2,44' 
2,601 
2,827 
2,014 
2,047 
2,505 
2,622 
2,481 
3,275 

277 
241 

299 
208 
253 
133 
269 
618 

301 
353 
304 
298 
233 



15,577 




75,145 


925 


8/ 


3,070 


657 


9/ 


2,951 


304 




3,088 


246 




3,284 


280 




3,^00 


412 




3,351 


260 




3,401 


143 




3,566 


20 




3,842 


Q 




3,660 


7 




3,317 


5 




3,393 


5 




3,847 


-1 




3,776 


4 
3 




3,772 
891 


14,*'6 


6/- 7, 


40,799 


922 


7/8/ 


3,100 


730 8/0/ 


3,002 


426 2/ 


3,031 


282 




3,157 


216 




',287 


391 




3,384 


345 




3,413 


209 




3,455 


84 




3,726 


15 




3,885 


8 




3,305 


6 




3,337 
3,578 


5 




3,789 


* 




3,955 


8 




3,487 


* 




226 


1 




324 


1 




268 


-1 




386 


1 




299 


1 




398 


* 




235 


4 




-17 


» 




340 


• 




215 


6r 




317 


' 




293 


- 




331 



Series E 
and H 



44,816 
2,875 
2,812 
2,948 
3,165 
3,196 
3,273 
3,376 
3,560 
3,842 
3,660 
3,317 
3,393 
3,847 
3,776 
3,772 
891 



a,. .a 7 

2^827 
2,905 
3,026 
3,176 
3,277 
3,370 
3,441 
3,724 
3,885 
3,305 
3,337 
3,578 
3,789 
3,955 
3,487 

226 
324 

268 

386 
299 
398 
235 
-17 

340 
215 
317 
293 
331 



31,922 
lof, 

1 -•:':. 
140 

1".; 

25 
6 



9,740 

201 

175 

125 

131 

111 

107 

44 

13 

2 



Unclassified 
10/ 



9,890 

53 

73 

19 

-121 

172 

99 

33 

213 

115 

-725 

-23 

67 

104 

198 



-158 

-60 

213 

-52 

-76 

6 

144 

-7 

26 

228 

-431 

-83 

-24 

123 

a7 

-145 



Source: Montlly Statement of the Public Debt of the U.S.; office of Mar- 
ket Analysis, United States Savings Bonds Division. 

Note: In these tables sales of Series A-F and J bonds are included at is- 
sue price, and redemptions and amounts outstanding at current redemp- 
tion value. Series G,H, and K are included at face value throughout. A/ 
Matured bonds which have been redeemed are included in redemptions. 
Matured J and K bonds outstanding are included in the interest-bearing 
debt until all bonds of the annual series have matured, and are then ^ 
transferred to matured debt on which interest has ceased. 

1/ Sales and redemption figures include exchanges of minor amounts of (1) 6/ 
matured Series E bonds for Series G and K bonds from May 1951 through 
April 1957; (2) Series F and J bonds for Series H bonds beginning 2/ 

January 1960; and (3) U.S. savings notes for Series H bonds beginning 
January 1972; however, ti-ey exclude exchanges of Series E bonds for 8/ 
Series H bonds, which are reported in Table SB-3. 

2/ Details by series on a cumulative basis and by periods of Series A-D 2/ 
combined will be found in the February 1952 and previous issues of the 
Treasury Bulletin. 10/' 

2/ Because there is a normal lag in classifying redemptions, the distri- 
bution of redemption between sales price and accrued discount has been ♦ 
estimated. Beginning with the Treasury Biilletin of March 1961 the 



method of distributing redemptions between sales price and accrued 

discount has been changed to reflect the distribution shown in final 

reports of classified redemption. All periods shovm have been revised 

on this basis. 

Series F and G sales were discontinued April 30, 1952, and Series J 

and K sales were discontinued April 30, 1957. Sales figures after 

April 30, 1957, represent adjustments. 

Includes exchanges of Series 1941 F and G savings bonds for 3-1/4^ 

marketable bonds of 1978-83. ' 

Includes exchanges of Series 1948 F and G bonds for 4-3/45S marketable 

notes of 1964. 

Includes exchanges of Series 1949 F and G bonds for 45? marketable bonds 

of 1969. 

Includes exchanges of Series 1960 F and G bonds for 3-7/8^ marketable 

bonds for 1968. 

Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/8S 

marketable bonds of 1971 and 4? marketable bonds of 1980. 

Represents changes in the amoiints of redemptions not yet classified 

between matured and unmatured issues. 

Less than $500,000. r Revised. 



66 



Treasury Bulletin 



.UNITED STATES SAVINGS NOTES. 



United States savings notes were on sale May 1, 1967 
through June 30, 1970. The n"*o5; were eligible for pnrohase 
by individuals with the c s- purchar' -a F 

savings bonds. 

The principal terms and conditions for purchase and re- 



j, — .-- ..J Information on investment yields of savings 
In the Treasury Bulletins of March 1967 and 
June 1968; and in the Annual Report of the Secretary of the 
Treasury for fiscal year 1974. 



Table SN-1. - Sales and Redemptions by Periods 



fin millions of dollars) 



Mscai years : 



Sales ly 



Accrued 
discount 



accrued 
discount 



Redemptions Z/ 



Sales 
price 



Accrued 
discount 



Aliiount 
outstanding 



1967. 
1968. 
1969. 
1970. 
1971. 
1972. 
1973. 
1974. 
1975. 
1976. 
T.Q.. 



Calendar years : 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

Months : 

1976^ Hay 

June.. . . 



July. 
Aug.. 
Sept. 
Oct.. 
Nov.. 
Dec. 
1977-Jai>.. 
Feb.. 
Uar.. 
Apr. . 
May.. 



1 

201 

326 

323 

11 



2 

-2 



80 
277 
348 
160 

-3 



12 

25 
33 
28 
29 
35 
31 
24 
6 



5 
18 
31 
31 
28 
29 
39 
25 
24 

2 
2 

4 
4 
-2 
2 
2 
2 

2 
2 
2 
2 
2 



1 

201 

338 

347 

44 

■ 28 

29 

35 

33 

22 

6 



281 
366 
191 
27 
28 
29 
39 
25 
24 

2 
2 

4 

4 

-2 

2 

2 

2 

2 
2 
2 
2 
2 



li: 
I'-'. 



75 
45 
11 



7 
76 
154 
124 
71 
74 
82 
53 
42 

5 

3 



1 

1 
5 
2 

4 

3 

3 

4 



34 
105 
157 
77 
58 
62 
58 
32 



7 
72 
145 
116 
62 
60 
66 
40 
29 

4 
2 

3 
2 

3 
1 
1 
3 
1 
3 



1 

6 
10 

8 
11 
14 
17 
13 

3 



9 
9 
13 
16 
1^ 
13 

2 
1 

1 

1 
1 



2 
1 

1 

1 

1 

1 



203 
505 
742 
619 
561 
519 
477 
435 
413 
407 

. 80 
354 
644 
662 
584 
540 
496 
453 
424 
406 

414 

a3 

413 
413 
407 
409 
409 
406 
406 
404 
402 
401 
400 



Source: itmthly Statement of the Public Debt of the United States; Office 
of Market Analysis, United States Savings Bonds Division. 

1/ Sales were discontinued after June 30, 1970. Figures shown thereafter 
represent adjustments. 



2/ Includes U.S. savings notes exchanged for Series H bonds beginning 

January 1972. 
» Less than $500,000. 



June 19^7 



.OWNERSHIP OF FEDERAL SECURITIES. 



67 



Table OFS-1. - Distribution of Federal Securities by Classes of Investors and Types of Issues 



(In irdllLons uf dollars) 



End of 
fiscal year 
or month 



1963 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

T.Q 

1975-Mar.. 
1975-Dec.. 

197f^Apr . . 
May.. 
June. 

Julj. 
Aug.. 
Sept. 

Oct.. 
Nov. . 
Dec. 

1977-Jan.. 
Feb.. 
Mar.. 
Apr . . . 



Total 
Federal 
securities 
outstanding 



171, 
367, 
383, 
410, 
438, 
469, 
437, 
544, 
6», 
646, 



428 
292 

154 
251 
081 
131 
385r 
378r 



520.702 
537, 584 

612,897r 
621,633r 
631,385r 

635,833r 

644,971r 

645,378r 

649,276 

656,282 

664,794 

6p4,853 
674,230 
680,141 
681,905 



Interest^bearing public debt securities 



Total 
outstanding 



351 


729 


369 


026 


396 


289 


425 


360 


456 


353 


473 


238 


532 


122 


619 


254 


633 


560 


508 


581 


575 


657 


600,927 


603 


077 


619 


254 


623 


580 


632 


291 


633 


560 


635,062 


643,643 


652,457 


652,980 


662 


320 


668 


216 


668 


509 



H..-ld by IJ. 



Oover!\iiient a''counts 



7b,li-i 
84,815 
95,170 
102,338 
111,460 
123,385 
138,206 
145,283 
14=", 611 
146,105 

138,458 
139,343 

139,122 
143,704 
U^.tll 

147,626 
148,028 
146,105 
144,617 
144,891 
147,098 

U4,107 
144,437 
144,949 
145,503 



Martietable 



l4,bJ4 
16,007 
16,974 
13,092 
19,868 
20,080 
21,229 
20,471 
18,347 
16,633 

20,805 
19,392 

19,104 
18,563 
18,347 

17,993 
16,647 
16,633 
16,636 
16,430 
16,483 

16, 363 

15,738 
15,764 
I'i ."'Oi.-. 



Nonmarketable 



Government 
account series 



fabi738 

76, 124 

82, 740 

89,535 

101,248 

114,921 

122,755 

129,209 

127,417 

115, 5^6 
117,396 

117,963 
123,085 
129,209 

127,577 
129,326 
127, a? 
125,926 
126,406 
128,560 
125,688 
126,5'^3 
127,129 
127,941 



2,071 
2,071 
2,055 
2,055 
2,056 
2,056 
2,055 
2,055 
2,055 

2,056 
2,055 

2,055 
2,055 
2,055 

2,056 
2,055 
2,055 
2,055 
2,055 
2,056 
2,055 
2,056 
2,055 
2,056 



Public 

issues 

held by 

Federal 

Reserve 

banc's 



•'2,230 
54,095 
57,714 
65,518 
71,356 
75,022 
80,485 
84,749 
94,445 
96,427 

81,418 
87,934 
91,814 
90, 530 
94,446 

90,673 
94,030 
96,427 
95,741 
91,560 
95,970 
94,134 
95,837 
95,987 
99,837 





Interesvbearing public debt seciirities - Con. 


Ma tm-ed 

publ i c 

debt 

and debt 

bearing 

no interest 




Agency securitie 


s 


End of 
fiscal year 
or month 


Held by private investors 


Total 

outstanding 

1/ 


Held by 

U.S. Government 

accounts and 

Federal Reserve 

banks 


Held by 


Total 


Marketable 


Nonmarketable 


I'rivate 
investors 


1968 

1969 

1970 

1971 

1972 

1973 


216,032 
212,819 
216,142 
227,883 
242,545 
257,947 
254,543 
302,090 
375,197 
391,028 

288,705 
348,380 

369,991 
373,843 
375, W7 

385,281 

100,233 

391,023 

394,704 

407,092 

408,388 

414, 73Q 

422.046 

427,280r 

423,169 


159,663 
156,00b 
157,911 
161, 8d3 
165,978 
167,869 
164,862 
ao, 386 
279,788 
294,603 

197,755 
255,855 

275,526 
278,928 
279 . 788 

239,053 

293,637 

294,603 

296,213 

307,309 

307,823 

313,498 

319.982 

323,628r 

318,722 


56^814 
58,231 
66,020 
76,566 
90,078 
89,585 
91,704 
95,409 
95,425 

90,940 
92,515 

94,455 
94,915 
95,409 

96,228 
96,596 
96,425 
98,491 
99,783 
100, 565 

101,. ^41 
102,064 
103,652 
104,447 


3.173 
1,'"«1 
1,SQ3 
1,841 
1,901 
1,788 
1,822 
1,067 
1,179 
1,142 

1,073 

993 

1,046 

2,595 

1,179 

967 
1,037 
1,U2 
2,542 

1,0-7 

1,028 

992 

2,514 


24 399 

14! 249 

12,510 

12,153 

10,894 

11,109 

12,021 

10,043 

10,953r 

ll,677r 

11,042 
10,935 

10;924r 
10,961r 
10,953r 

ll,287r 

ll,643r 

ll,t77r 

ll,b73 

11,643 

11,250 

10,945 

10,932 

10,934 

10,883 


3,001 
2,84b 
2,553 
2,251 
2,170 
2,155 
2,152 
2,186 
2,223 
2,222 

2,099 
2,128 

2,233 
2,224 
2,223 

2,218 
2,222 
2,222 

2,214 
2,209 
2,184 
2,048 
2,052 
2,053 
2,054 


21,303 
11,403 
9,955 
9,911 
8,724 
8,953 


1974 

1975 


9,869 

8,757 


1976 

T.Q 


3,730r 
9,455r 

8,943 
8,807 


1975-Mar 

1975-Dec 


1976- Apr 

May 


S,591r 
8,737r 
8,730r 


July 

Aug 

Sept 

Oct 


9,069r 
9, 42 It 
9,455r 
9,459 




9,433 


Dec 


9,067 


1977-Jan 


8,897 
S^SSO 
8,881 
8,829 




Mar 











Note; The Export- Import hank was moved within the Budget effective 

October 1, 1976 pursuant to Public Law 93-6/i6. Adjustments are made 
to include totals for the period it vraa outside the Budget (August 
17, 1971 through September 30, 1976). Also, adjustments are made 
to reflect certain Export- Import Bank borrowing transactions now 



classified as agency debt. These transactions were previously reported 

as off-budget negative outlays. 
1/ For detail, see Table FD-6. 
r Revised, 



68 



Treasury Bulletin 



.OWNERSHIP OF FEDERAL SECURITIES. 



Table OFS-2. - Estimated Ownership of Public Debt Securities by Private Investors 











; iir 


valu(.'i; 1/ 


in billion 


J of dollai 


c, 














Total 
privately 

hold 


^:otiarier- 

clal 

bfinVr 

Z/ 


NonbaiiK invoGtors 










Total 


Individuals Z/ \ 


Insurance 
companies 


Mutual 
jav- 
Ings 
banks 


Corpora- 
tions V 


State 
and 
local 
govern- 
ments 


Foreign 
and Inter- 
national 




End or 
month 


Tolri) 


Saviiif 


c bondi: 


Otlier 
secu- 
ritieD 


Other 
investors 




Series 
E and H 


Other 
faeries 2/ 


6/ 




33.4 
231.6 
208.3 
204.6 
199.9 
194.3 
196.3 
194.8 
199.8 
196.7 
.303.8 

199.9 
207.1 
203.0 
207.0 
198.5 
200.5 
194.6 
197.9 
197.8 
204.5 
206.4 
212.7 

206.7 
210.0 

208.0 
2U.S 
21.-.. ■: 
21Q.5 
21?. 2 
220.5 
218.3 
222.5 
217.1 
220.5 

213.4 
219.2 
207.7 
222.4 
219.2 
228.5 
214.8 
222.0 
218.0 

229.7 
247.9 
244.4 
262.5 
259.7 
261.7 
256.4 
271.0 

303V2 
349.4 

355.3 

365.0 
371.7 
371.0 
376.4 
376.4 

386.2 
391.3 
392.5 
3T-.- 

40?. 1 
4^0. ', 

415.7 

423.1 

42?. 3 
425.7 


12.7 
93.8 
74.5 
65.6 
61.8 
58.4 
61.5 
61.1 
63.4 
58.8 
63.7 

63.6 
69.1 
63.5 
62.0 
57.3 
59.5 
56.2 
59.5 
65.2 
67.5 
61.5 
60.3 

55.3 
62.1 
62.5 
67.2 
65.1 
67.1 
64.3 
64.2 
60.2 
63.9 
58.2 
60.7 

54.8 
57.4 
55.5 
63.8 
59.7 
66.0 
55.3 
56.8 
52.6 
62.7 

61.0 
65.3 
60.9 
67.7 
58.8 
60.3 
53.2 
55.6 

69V0 
85.1 

86.0 
87.2 
91.9 
91.7 
91.6 
91.8 
94.0 
92.5 

93.3 

94.8 

99.8 

102.5 

101.0 

104.5 
106.0 
103.5 


20.7 
137.9 
133.8 
139.0 
138.0 
136.0 
134.8 
133.7 
136.4 
137.9 
U0.2 

136.3 
138.0 
139.5 
145.0 
141.2 
141.0 
138.5 
138.4 
132.5 
137.0 
144.8 
152.5 

151.4 
148.0 
145.5 
147.7 
149.2 
152.3 
153.9 
156.3 
158.2 
158.6 
158.9 
159. S 

158.7 
161.8 
152.2 
158.7 
159.5 
162.5 
159.5 
165.3 
165.5 
167.2 

168.7 
182.6 
183.6 
194.8 
200.9 
201.4 
203.2 
215.4 

234'. 1 
264.2 

269.3 
277.9 
279.7 
279.3 
284.9 
284.5 

292.2 
298.8 

298.9 
302.5 
308.3 
307.0 

314.7 
318.6 
322.3 
322.2 


9.4 
63.9 
64.1 
67.4 
66.3 
65.4 
64.6 
64.8 
65.2 
66.1 
64.8 

64.8 
63.5 
65.2 
65.0 
66.6 
65.9 
66.3 
64.9 
64.4 
63.7 
66.3 
69.4 

69.7 
66.1 
64.6 
65.8 
65.5 
65.9 
65.9 
6S.0 
68.5 
69.5 
70.7 
71.9 
72.8 
74.2 
70.4 
73.5 
74.2 
75.1 
77.3 
80.8 
81.8 
81.2 

75.4 
73.2 
73.2 
73.9 
75.9 
77.3 
80.7 
84.8 

87V1 
91.4 

91.7 
93.9 

97.1 
99.7 

99.7 
100.0 
100.7 
100.8 

101.0 
101.5 
101.9 
102.2 


30.8 
30.3 
34.5 
34.5 
34.5 
34.7 
34.9 
35.3 
36.0 
36.7 

37.5 

38.2 
39.3 
40.1 
40.9 
41.4 
41.5 
41.6 
42.1 
42.5 
42.6 
42.4 

42.5 
42.9 
43.6 
44.2 
44.6 
45.1 
46.0 
46.7 
47.3 
47.9 
48.3 
48.8 

49.2 

4U.S 

50 . 4 

;>l.i 
51.4 

51.2 
51.1 
50.8 
51.4 

52.5 
53.8 
55.4 
57.1 
58.9 
59.8 
61.4 
62.9 

65 Vo 
66.0 


1.9 
12.5 
13.9 
15.4 
15.1 
14.6 
14.4 
14.1 
I3.S 
13.2 
12.7 

12.1 

11.7 

10.9 

10.2 

9.4 

8.7 

7.6 

6.6 

5.2 
4.5 
3.5 

3.1 
2.7 
2.5 
2.2 

2.1 

1.9 
1.6 
1.5 
1.3 
1.2 
1.0 
.9 

.7 
.5 

.3 

.3 
.4 
.5 
.6 
.7 
.8 
.7 

.7 
.6 
.6 
.6 
.6 
.5 
.5 
.5 

.5 

.4 


7.5 
20.6 
20.0 
17.6 
16.7 
16. 1 
15.5 
15.7 
16.0 
16.8 
15.4 

15.2 
13.6 
15.0 
14.8 
16.3 
15.8 
17.2 
16.7 
16.4 
16.0 
19.3 
23.5 

24.1 
20.5 
18.5 
19.4 
18.8 
19.0 
18.3 
19.8 
19.9 
20.4 
21.3 
22.2 

22.8 
23.9 
19.7 
22.3 
22.7 
23.3 
25.5 
29.0 
30.2 
29.1 

22.2 
1?.? 
17.2 
16.2 
16.4 
16.9 
18.8 
21.5 

2l76 
24.0 


5.7 
24.4 
24.9 
19.8 
18.7 
17.1 
16.4 
15.7 
16.0 
16.0 
15.9 

15.4 
15.3 
15.0 
14.6 
13.6 
13.2 
12.7 
12.5 
12.2 
12.6 
12.6 
12.5 

12.0 
11.8 
11.5 
11.5 
11.4 
11.6 
11.1 
11.4 
11.1 
11.3 
10.7 
10.5 

10.0 
9.9 
9.0 
9.0 
8.5 
8.4 
8.1 
7.6 
7.2 
7.4 

7.0 
7.0 
6.7 
6.6 
6.3 
6.4 
5.9 
6.2 

7".l 
9.3 


2.7 

11.1 

11.8 

11.6 

10.9 

10.2 

9.8 

9.6 

9.5 

9.5 

9.2 

9.1 
8.8 
8.7 
8.5 
8.3 
8.0 
7.9 
7.6 
7.4 
7.2 
7.3 
6.9 

k'.l 
6.2 
6.0 
6.0 
5.6 
5.8 
5.5 
5.6 
5.3 
5.0 
4.6 
4.2 
4.2 
4.0 
3.8 
3.5 
3.1 
3.2 
3.1 

{.\ 
3.5 
3.4 
3.3 
2.9 
2.6 
2.5 

3'.5 
4.5 


2.0 
19.9 
15.3 
18.4 
19.7 
20.1 
20.7 
18.8 
19.9 
18.6 
21.5 

16.5 
19.1 
18.6 
23.2 
17.3 
18.7 
16.1 
17.7 
14.1 
18.1 
19.8 
21.4 

10.5 
18.7 
1?. 5 
!■' .5 
!■" . ^ 
Ir.a 
18.7 
18.7 
18.9 
18.2 
15.3 
15.8 

14.2 
14.9 
11.0 
12.2 
12.0 
14.2 
11.1 
10.4 
8.5 
7.3 

7.4 

11.4 

9.3 

9.8 

9.8 

10.9 

10.8 

11.0 

13'.2 
20.2 


.4 

6.7 

6.3 

8.7 

8.8 

9.4 

9.6 

10.4 

11.1 

12.0 

12.7 

13.9 
14.4 
14.7 
15.4 
16.1 
16.3 
16.8 
16.6 
16.3 
16.5 
16.9 
18.0 

18.8 
18.7 
19.3 
19.0 
20.1 
20.1 
21.4 
21.1 
22.5 
21.1 
24.1 
22.9 

24.5 
24.3 
23.6 
24.1 
25.1 
24.9 
26.4 
27.2 

2:>.^ 
26.9 
28.9 
28.8 
29.2 
28. - 

33.0 


.2 

2.4 
2.1 

3.5 

4.3 
4.2 
4.3 
4.7 
5.3 
5.7 
5.9 

6.0 

6. ■ 

7." 
7.6 
7.6 

10.1 
12.0 

12.3 
13.0 
12.7 
13.4 
14.1 
15.3 
15.8 
15.9 
15.6 
16.7 
15.7 
16.7 

15.4 
14.5 
14.7 
15.8 
12.9 
14.3 
11.1 
11.2 
■ 14.8 

5oio 
55.3 
60.2 
55.5 

57.7 
-'.8 

-■j'.O 
66.5 


.3 


1946-Feb 


9.5 


Dec 


9.3 




9.6 


Dec 


9.3 




9.6 


Dec 


9.4 




9.7 


Dec 


9.4 




10.0 


Dec 




Dec 




1955-June 


.5 


Dec 


- -.8 




J.1.4 


Dec 


11.1 


1957^une 


11.1 


Dec 


.1.5 


1958^une 


:.6 


Dec 


il.2 


1959-June 


11.8 


Dec 


12.3 


1960 -J line 


12.5 


Dec 


13.5 


1961 -June 


12.7 


Dec 


13.5 


1962^une 


13.6 


Dec 


14.8 


1963-June 


15.1 


Dec 


15.6 


1964^une 


15.8 


Dec 


16.3 


1965-June 


16.8 


Dec 


16.7 


1966^une 


16.9 


Dec 


19.4 


1967-June 


19.3 


Dec 


19.9 


1968^une 


22.7 


Dec 


21.9 


1969-June 


22.0 


Dec 


25.0 


1970^me 

Dec 


21.0 
19.9 


197Uime 


17.2 


Dec 


15.6 


1972 -June 


U.O 


Dec 


17.0 


1973^une 


16.6 


Dec 


19.3 


1974-Jvine 


17.3 


Dec 


22.8 


1975^une 


2776 


Dec 


38.6 






1976-Jan 


67.3^ 
67.6 

68.0 
n8.4 
'-?.? 
'-'9 . 2 

69.9 
70.5 

70.5 
70.9 
71.2 
71.6 

72.0 
72.4 
72.8 
73.2 


.4 
.4 
.4 
.4 

.4 

.4 

.4 
.4 

.4 
.4 
.4 

.4 
.4 

.4 

.4 


24.0 
25.8 

26. C 

28.8 
28.8 
29.0 
28.8 

28.6 
28.7 
26.7 
2?. 6 


10.0 
10.1 

10.4 

11.1 
11.6 

11. f 
12.1 
12.2 
12.3 

12.2 
12.2 
12.2 
12.1 


4.7 
4.9 
5.1 
5.1 

5.3 
5.1 

5.3 
5.4 

i'.i 
5.3 
5.5 

5.6 
5.7 
5.2 
5.2 


21.2 
23.2 

23.0 
23.8 

26.0 
25.0 

27.0 
27.8 

2''-.7 
24.7 
24.2 
25.5 
27.8 
27.9 
26.0 
26.3 


34. 6 
36.4 
37.8 
37.7 
37.6 
'=.5 

37.2 
33.7 

39.1 
41.5 
42.1 
41.6 
44.4 
42.3 
43.4 
46.9 


68.3 
69.6 
68.1 

70.2 
71.0 
6^'. 8 

72.8 
74.6 

74.6 
75.2 
76.0 
78.1 

80.3 
82.3 
84.7 
85.9 


-.^ -> 


Feb 




Mar 




Apr 


37.4 


May 


38.7 




38.2 


July 


41.9 
40.9 


Sept 


42.9 


Oct 


43.6 


tlov 


47.7 


Dec 


43.2 




43.4 


Feb 


46.7 


Jjlar 


48.9 


Apr.P 


43.6 



1^., CffVc -.? Covemrcent Financing in the Office of the Secretary. 

United Stfftea savings bonds, Series A-F and J, are included at current 
ri5'5o-pt*'?n value. 

coniDerciQl banks, trust companies, and stock savings 
United States and in Territories and i.^land possessions. 
, ide securities held in trust departments. 
Inciuiieij partnerships and personal trust accounts. 
Exclusive of banks and insurance companies. 
Consists of the investments of foreign balances and International 



accounts in the United States. Beginning with July 19'.^ tiie n^-.r.- 
exclude noninterest -bearing notes issued to the International Mone- 
tary Fund. 

6/ Consists of savings and loan ■■■■ :,.-, 

corporate pension trust fund: , .ud- 

ed are certain government dep red 

agencies, 

2/ Includes U.S. savings notes, Sale;^ ■^ere dis- 

continued after June 30, 1970. 

p Preliminary. 



Jinic 79^7 



69 



TREASURY SURVEY OF OWNERSHIP- 
APRIL 30, 1977 



The monthly Treasury Survey of Ownership covers securities 
issued by the United States Government, Federal agencies, Fed- 
erally-sponsored agencies, and the District of Columbia. The 
banks and insurance companies included in the Survey currently 
account for about 80 percent of all such securities held by 
these institutions. The similar proportion for corporations 
and for savings and loan associations is 50 percent, and for 
State and local governments, 40 percent. Data were first pub- 
lished for banks and insurance companies in the May 1941 Treas- 
ury Bulletin, for corporations and savings and loan associa- 



tions in the September I960 Bulletin, and for State and local 
governments in the February 1962 Bulletin. 



Holdings by comiiKrcial banks distributed according tj 
Federal Reserve member bank classes and nonmember banks are 
published for June 30 and December 31. Holdings by corporate 
pension trust funds are published quarterly, first appearing in 
the March 1954 Bulletin. 



Table TSO-1. -Summary of Federal Securities 



( Par values - in milllone of dollars) 





Total 

amount 
outstand- 
ing 1/ 


U.S. Govern- 
ment ac- 
counts and 
Federal 
Reserve 
banks 


Total 
private 
inves- 
tors 


Held by private investors covered in Treasury Survey 






comnier- 
olal 
banks 
2/ 


mutual . 
savings 
banks 
2/ 


Insurance companies 


48n 

savings 
and loan 
associa- 
tions 


447 

corpo- 
rations 


State and local 
governments 


All 


Classification 


2fl^ 
life 


435 fire, 
casualty, 
and 
marine 


313 
general 
funds 


Ifln 
pension 
and re- 
tirement 
funds 


other 
private 
inves- 
tors i/ 


Public debt issues: 

Interest -bearing public 
debt securities: 
Marketable 


■;.-:4.0'/' 


11^'. "^t-.b 

1. :'■-■', '"'?'■ 


10<i,46q 


7S.214 


4,510 


3,3d4 


rj , m5 


•>,zm 


U,448 


.2.724 


-.r;o 


190,159 


Nonjnarke table ^/ 




Total interest-bearing 
public debt securities... 

Matured debt and debt 
bearintr no interest 


:'."'U 


24^,3A1 


423.1'3S 


- 


4,510 


■■■ . i'--''- 


n,095 


5,288 


14.448 


12.724 


3,3?.- 


294,628 
2.5U 


Total public debt 
securities 


■-l.X'.-^ 


;;^^'-:a 


42' ,•:■:; 


7t'.;34 


4,f'10 


3 . 5':4 


' '.ij9'; 




14.443 


12,724 


3.378 


297,142 


Government aeencv issues: 


4 , '-'''' '-' 


2?0 

Lev's 


4.40O 

2,3?8 


8?0 


198 


Qh 


yf-^ 


114 

1':'4 


134 

-1 


292 

no 


323 

r74 


2.388 


Participation 
certiclates 5/ 


112 


Total Governnient agency 
seciarities covered In 


■P 7i-,Q 

2,IU 


i.'jj'' 

122 


l.oa', 


1.4" 




1 '" '•■ 


:>'■? 


303 


265 


411 


qQ7 


2,500 


Nonsurveyed Governnient 
agency securities 


















Total Government agency 
securities 6/ 


10. ■■^.^] 


2,1-1^'^ 


S.62Q 




Total Federal securities 


o.^l/^'V. 


-... . . -''^ 


4M.'12 





Footnotes at end of Table TSO-5. 



10 



Treasury Bulletin 



.TREASURY SURVEY OF OWNERSHIP, APRIL 30. 1977. 



Table TSO-2. - Interest-Bearing Marketable Public Debt Securities 
by Type and Maturity Distribution 



f Par values - in millions of dollars) 



Classification 



Total 
amount 
outstand- 
ing i/ 



U.S. Govern- 
ment ac- 
counts and 
Federal 
Reserve 
banks 



Held by investors covered in Treasury Survey 



commer- 
cial 
banks 
2/ 



mutual 

£3aving8 

banks 

u 



Insurance companies 



•'•■'5 fire, 
casualty, 
and 
marine 



486 

savings 
and loan 
associa- 
tions 



corpo- 
rations 



State and local 
governments 



313 

general 
funds 



186 

pension 
and re- 
t irement 
funds 



Held by 
all 
other 
inves- 
tors i/ 



By type security: 

Issued by U.S. Government: 

Treasury bills 

Treasury notes 

Treasury bonds 

Total 

Bv maturity distribution: 
Call classes (due or first 
becoming callable): 

Within 1 year 

1 to 5 years 

5 to 10 years 

10 to 15 years 

15 to 20 years 

20 years and over 

Total , 

Maturity classes (final 
maturity): 

Within 1 year 

1 to 5 years 

5 to 10 years 

10 to 15 years 

15 to 20 years 

20 years ?ind over 

Total 



lo] :-vn 
.■'■•jj,'j')'^ 

4'!/.,065 



21V, ?48 
U5,?.?8 
i.-.W! 

10,4.'.9 

lO.Q^i 

5 , ''LO 



216, 7gp 

144,528 

45,806 



i -^,065 



17,199 
115,366 



54,767 
37,828 

11,710 
4,174 
4,4F2 
2,405 

115 , ~bi-. 



54,369 
37,599 
12,337 

1,2 'F 
: 27*^ 
6,'..'.' 

115,366 



11,218 
65,298 

1,718 



1,1b 
3,638 

•■96 



368 
1,449 

.-,0i7 



448 
4,786 

861 



1,515 

3,526 

247 



8,771 
5,271 

405 



5,996 
5,498 
1.230 



78,23.: 



,510 



,86i 



6,005 



5,288 



27,331 

43,148 

7,036 

254 

363 

101 

78,234 



1,365 

2,148 



864 

1 Tpn 



14,448 



12,724 



96a 
,735 
,881 
318 
131 
62 



,255 7,433 
,550 4,2% 



142 
50 
13 



,864 



27,270 

43,089 

7,156 

139 

180 

399 



1,357 

2,141 

717 

88 

47 

161 



821 
1,115 
879 
514 
238 
298 



6,095 



2,695 

1,954 

154 

179 

177 



14,448 



2,511 
2,521 

184 
22 

33 
15 



10,250 

3,530 

422 

75 

97 

73 



78,234 



4,510 



■,864 



6,095 



5,288 



14,448 



12,724 



7, (63 
4,159 
640 
130 
175 
256 



12,724 



1,259 

904 

1,215 



3,378 



1,401 
471 
484 
326 
479 
217 



3,378 



1,327 
■ 431 
599 
170 
190 
661 



3,378 



89,951 
84,093 
16.115 

190,159 



110,944 

47,764 

20,041 

4,100 

4,881 

2,428 

190,159 



110,585 

47,247 

20,917 

1,709 

3,031 

6,669 

190,159 



Footnotes at end of Table TSO-5. 



Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue 



fPar values - in millions of dollars) 



Total 
amount 
outstand- 
ing 1/ 



U.S. Govern- 
ment ac- 
counts and 
Federal 
Reserve 
baniiS 



Held by investors covered In Treasury Survey 



5,498 
commer- 
cial 
banks 
2/ 



467 

mutual 

savings 

banks 
2/ 



Insiirance companies 



289 
life 



435 fire, 
casualty, 
and 

marine 



486 

savings 
and loan 
associa- 
tions 



corpo- 
rations 



State and local 
governments 



313 

general 
funds 



186 

pension 
and re- 
tirement 
funds 



Held by 
all 
other 
Inves- 
tors y 



Treasury Bills: 

Regular weekly and annual 
maturing: 



May 

June 

July 

Aug. 

Sept. 

Oct. 

Nov. 

Dec. 

Jan. 

Feb. 

War. 

Apr. 

Total Treasury Bills. 



1977. 
1977. 
1977. 
1977. 
1977. 
1977. 
1977. 
1977. 
1978. 
1978. 
1978. 
1978. 



Treasury Notes: 
6-3/4!6 May 
6-7/8 



6-1/2 

7-1/2 

7-3/4 

8-1/4 

8-3/8 

7-1/2 

6-5/8 

7-3/4 

7-1/4 

6-3/8 

6-1/4 

i 

6-3/4 



May 
May 

June 

July 

Aug. 

Aug. 

Sept. 

Oct. 

Nov. 

Nov. 

Dec. 

Jan. 

Feb. 

Feb. 

Mar. 



1977-1. 
1977 -(:. 
1977-D. 
1977-J. 
1977-K. 
1977-B. 
1977-L. 
1977-M. 
1977-lJ . 
1977-5. 
1977-E. 
1977-P. 
1978-J. 
1978-A. 
1976-C. 
1978 -K. 



31,193 

30,556 

26,692 

17,564 

19,532 

16,807 

',402 

3,505 

■.071 

■■',105 

; ,208 

161,977 

•■,1'V 
.■',565 
5 -29 

.',170 
■ .'Uh 

.. . "a.-- 



■,15' 



■,162 



8,056 
8,113 
6,863 
3,885 
4,813 
4,792 

786 
1,19" 

940 



217 
616 



l,6-"i 

I ■i 

II ■ 



1,788 

1,506 

1,383 

1,667 

1,509 

845 

364 

489 

433 

591 

335 

-08 

11,218 



777 
■■18O 
o36 
648 

'885 
1,136 
1,2'33 

980 
1,106 
1,113 

753 
1,614 

605 
1,2°2 



;1 

16 
15 
12 
26 
17 
7 



50 
29 
12 
54 
73 
52 
50 
44 
69 
65 

4t 
54 
71 
18 
°4 



358 



37 
17 
21 

24 
12 
21 
16 

17 
41 

51 

.■;l 

lu 
51 
16 
49 



113 
50 
79 
.)1 
54 
36 
23 
12 
19 
11 
11 
10 



,48 



24 
47 
10 
30 
15 
62 
10 
22 
40 
26 
11 

l^ 

18 
91 
13 
16 



91 
137 
169 
142 



106 
147 
64 
97 
55 
74 

1,515 



42 
26 
32 



145 

10 

125 



737 

424 

775 

1,119 

2,789 

1,022 

423 

480 

397 

295 

158 

144 



56 

32 

75 

132 

109 

157 

95 

113 

89 

87 

164 



1,201 
912 
789 

1,094 
385 
579 
241 
379 
81 
154 
104 
76 

5,996 



106 
78 
10 

71 

102 

173 

25 

40 

41 

89 

82 

58 

81 

258 

41 

70 



254 
320 
294 
176 
207 
5 



2 

1 
1,259 

2 

1 

i 

15 
3 
6 
2 
2 
3 
2 
1 

26 
I 



18,774 

18,946 

16,156 

9,336 

9,481 

9,289 

1,435 

772 

1,120 

1,227 

1,525 

1,892 

8°, 951 



883 

855 

1,488 

934 

550 

1,786 

832 

1,738 

1,309 

1,090 

881 

978 

1,135 

2,592 

1,250 

1,085 



Footnotes at end of Table TSO-5. 



June l^n 



71 



.TREASURY SURVEY OF OWNERSHIP, APRIL 30, 1977. 



Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue-Continued 

!Far valued - in millions of dollarsl 



TreasTir\- Notes — Continued : 

6-1/2? Apr. 1978-L 

7-1/8 May lQ78-rj 

7-1/8 May 1078 -H 

7-7/8 May Iq78-F 

6-7/8 June 1<)78-N 

6-7/8 July 1978-? 

7-5/8 Aug. 1'578-E 

S-V"! Aug. 1978-C 

6-5/8 Aug. 1978-Q 

6-1/4 Sept. 1978-R 

5-7/8 Oct. 1978-3 

5-3/* Nov. 1978-T 

6 Nov. 1978-n 

5-1/4 Dec. 1978-U 

8-1/8 Dec. 1978-H 

5-7/8 Jan. 1979-L 

7 Feb. 1979-H 

5-7/8 Feb. 1979-M 

6 Mar. 197a-N 

7-7/8 May 1979-D 

7-V4 June 1979-E 

6-1/4 Aug. 1979-A 

6-7/8 Aug. 1979^ 

8-1/2 Sept. 1979-F 

6-1/4 Nov. 1979-K 

6-5/8 Nov. 1979-B 

7 Nov. 1979-C 

7-1/2 Dec. 1979-G 

6-1/2 Feb. 1980-G 

7-1/2 Mar. 1980-C 

6-7/8 May 1980-A 

7-5/8 June 1980-D 

9 Aug. 1980-B 

6-7/8 Sept . 1980-E 

5-7/8 Dec. 1980-F 

7 Feb. 1981 -A 

7-3/8 Feb. 1981-C 

6-7/8 Mar. 1981-H 

7-3/8 May 1981-D 

7-5/8 Aug. 1981-F 

7 Nov. 1981-0 

7-3/4 Nov. 1981-B 

6-1/8 Feb. 1982-D 

7 Apr. 1982 -E 

8 May 1982 -A 

8-1/8 Aug. 1982-B 

7-7/8 Nov. 1982 -C 

8 Feb. 1983-A 

7 Nov. 1983-B 

7-1/4 Feb. 1984-A 

7-7/8 May 1986-A 

8 Aug. 1986-B 

Exchange Series 

Total Treasury Notes 

Treasury Bonds : 

4-1/4 May 1975-85 

3-1/4 June 1978-83 

4 Feb. 1980 

3-1/2 Nov. 1980 

7 Aug. 1981 

6-3/8 Feb. 1982 

6-3/8 Aug. 1984 

3-1/4 May 1985 

6-1/8 Nov. 1986 

4-1/4 Aug. 1987-92 

4 Feb. 1988-93 

7-1/2 Aug. 1988-93 

4-1/8 May 1989-94 

3-1/2 Feb. 1990 

8-1/4 May 1990 

6-3/4 Feb. 1993 

7 May 1993-98 

8-1/2 May 1994-99 

3 Feb. 1995 

7-7/8 Feb . 1995 -2000 

8-3/8 Aug . 1995-2000 

8 Aug. 1996-2001 

3-1/2 Nov. 1998 

8-1/4 May 2000-05 

7-5/8 Feb. 2002-07 

Total Treasury Bonds 

Total Marketable Public Debt 

Securities 

Footnotes at end of Table TSO-5 



Total 
amount 
outstand- 
ing 

1/ 



'^ 


567 


4 


42.-: 




ra 


2 


P'?5 


5 


155 


2 


462 


2 


049 




105 





■^'21 


2 


^•41 


s 


207 




"■:7b 




517 


^ 


.t-"^,*^, 


4 


6<i.-; 


2 


845 




510 


2 


260 


1 


782 


4 


S^n 


2 


QJ-^'i 


~ 


081 


1 


r,04 


2 


241 


2 


nofa 


4 


608 


2 


069 


7 


265 


2 


185 


4 


206 


2 


141 


2 


(,92 


1 


842 


4 


705 


2 


8O0 


2 


020 


2 


58b 


2 


54.-: 


4 


477 


2 


bQ7 


2 


6n 


2 


747 


2 


918 


2 


902 


7 


958 


2 


309 


2 


Q05 


5 


219 


Q 


515 




58 


2'0 


b^5 






1 


rise, 


1 


/nil 




51 14 


1 


757 




807 


2 


702 


2 


353 




792 


1 


216 


2 


986 




ISO 


1 


QI4 


1 


120 


2 


002 


1 


247 



627 
602 

2,414 
6O0 
2,771 
2,265 
1,575 
2.175 
2,221 
1,14' 

41,433 



Held by investors covered in Treasury Survey 



U.S. Govern- 
ment ac- 
counts and 
Federal 
Reserve 
banJss 



■bl 
17ri 



635 
171 
445 

242 

4 il 
l'-.2 
118 



1,74'' 
266 
58"; 



1,-02 

220 
212 

1,142 
44 s 
120 

1,417 
156 

5,564 
270 

2,68- 
150 
110 
559 

1.027 

95 

152 

171 

45 

1,856 
21 
58 

1,445 

1,094 
706 

2,091 
103 

1,006 
789 

1,934 



o^t-, 
b24 
4O8 

1,061 

1,399 
17Q 
004 

1,135 
53 

1,202 
456 
018 
•■•20 
209 

:::ii 
1,501 

1-0 
515 
048 
757 
714 
l,2b5 
426 



5,498 
commer- 
cial 
banJis 
2/ 



17,100 



115,366 



1,475 

1,050 

1,285 

1,070 

1,442 

1,110 

682 

1,130 

1,211 

1,143 

057 

1,510 

1,126 

1,106 

1,351 

1,270 

1,247 

1,097 

910 

766 

713 

842 

575 

1,340 

no 

663 

799 

1,756 

707 

609 

708 

423 

995 

1,010 

587 

1,561 

981 

631 

1,094 

1,078 

954 

1,011 

685 

526 

404 

714 

Q70 

748 

4bl 

597 

1,704 

15 

65, 208 

61 
60 
95 
72 
36 
451 
133 
27 
64 
65 

4 
41 

4 
99 
40 
59 
96 
25 

7 
157 

7 
12 
18 

5 



mutual 

savings 

banks 



70 
36 



78 
27 
47 
23 
45 
19 
72 
31 
44 

-.;2 

48 
49 
29 
37 



61 

46 

7 

27 

53 

56 

45 

35 

41 

13 

46 

31 

16 

161 

17 

56 

64 

66 

104 

129 

21 

66 

48 

58 

101 

44 

32 

101 

205 



10 

14 

1 

26 

11 

8 

6 

23 

4 

6 

1 

38 

50 

12 

6 



17 
1 



Insurance companies 



4,510 



28 

1 

1 

13 

28 



2 
11 

133 

12 

22 

17 

31 

1 

1 

2 

8 

10 

2 

11 

10 

1 

5 

6 



8 

1 

6 

2 

17 

20 

63 

7 

7 

7 

14 

17 

4 

9 

28 

39 

41 

27 

20 

133 

103 

1 



43 

275 

161 

126 

15 

20 

15 

135 

8 

109 

46 



471 
43 

19 

16 
o 
17 
56 
30 
16 
120 
12 
10 

2,047 



' fire, 
casualty, 
and 
marine 



savings 
and loan 
associa- 
tions 



31 
25 
30 
75 
27 
16 
26 
17 
28 
69 
26 
21 

56 

17 

9 

45 

25 

61 

50 

74 

76 

20 

54 

87 

51 

85 

85 

141 

46 

41 

b8 

85 

151 

30 

160 

107 

62 

172 

101 

35 

103 

136 

205 

303 

157 

220 

438 

224 

5 



4 
78 
30 
25 

6 
116 

5 
11 
30 
61 
01 

7 



38 
35 
19 
17 



57 
82 

100 
45 
11 

140 
64 
55 
80 

125 

136 
28 
5--: 
75 
46 
35 
11 



15 
01 
4 
18 
50 
41 
43 



50 

106 

25 

74 

42 

25 

10 

81 

11 

170 

18 

14 

1 

2 

11 

11 

1 

6 

!0 



6 
35 
57 

8 



22 
1 

15 
5 



22 
1 



corpo- 
rations 



74 

163 

68 

114 

153 

44 

30 

77 

132 

136 

108 

55 

358 

83 

169 

80 

141 

154 

18 

12 

36 

184 

11 

52 

5 

123 

43 

79 

23 

7 

10 

18 

41 

60 

2e 

152 
93 
27 
30 

108 
10 
58 

no 

12 
3 

23 
39 
23 
41 



"..271 



5.286 



5 

20 



31 
59 
15 
10 
10 
12 



13 

12 

1 



State and local 
governments 



113 

general 

funds 



224 

75 

161 

104 

235 

111 

16 

237 

237 

181 

88 

192 

63 

64 

253 

77 

155 

85 

11 

25 

48 

58 

25 

107 

21 

25 

62 

31 

5 

31 

59 

16 

18 

117 

15 

94 
38 
48 
31 
73 
82 
30 
28 
25 
21 
31 
47 
33 
60 



5,408 



14, 



70 

77 

246 

110 

5 

77 

1 

15 

108 

1 

b 

18 
lib 
14 
12 
11 
13 



186 

pens ion 
and re- 
tirement 
funds 



12,724 



2 

8 
1 
2 

17 
1 



13 
2 

1 

14 
8 
4 
5 
9 

4 

7 

44 

21 

2 
5 

31 
3 
1 

11 



21 
18 
3 
5 
30 
19 
4 
g 

1.3 

68 
83 
41 
20 
6 
101 
1 12 



Held by 
all 
other 
inves- 
tors J/ 



74 
41 
31 



1 

10 

1 

100 

5 

20 

21 

61 

100 

15 
128 

11 
176 

■.1 

10 

142 

b5 



1,146 
953 
1,031 
1,144 
1,048 
601 
1,009 



006 

125 

053 

120 

409 

448 

1,180 

895 

852 

1,295 

904 

1,509 

573 

696 

1,809 

945 

1,045 

1,419 

275 

864 

772 

1,125 

908 

889 

904 

1,086 

783 

1,097 

504 

1,574 

1,348 

920 

1,029 

1,035 

1,242 

1,083 

1,635 

532 

1,111 

1,073 

4,343 

1,093 

1,101 

2,953 

4,990 

20 



359 
517 
796 
490 
336 
997 
658 
365 
187 

1,302 

55 

520 

514 

1.145 



194 

510 

369 

1,673 

1,056 

705 

1,187 

745 

495 

16,115 



12 



.TREASURY SURVEY OF OWNERSHIP, APRIL 30, 1977. 



Treasury Bulletin 



Table TSO-4. - Securities Issued by Government Agencies 

( F^ar values - : .'Hare} 



Footnot«s at end of Table TSO-5. 



Table TSO-5. - Securities Issued by Government-Sponsored Agencies 
and the District of Columbia 





Total 
anount 
outatand- 
Infi 1/ 






.t'-'! .. : 


iviJtors covered in Treasury 3urvoy 








U.S. Oovcm- 
ment ac- 
counts and 
Federal 
R'^serve 


5,<98 


467 
nutual 
savings 
banks 
2/ 


Insurance 


compaiilon 


savings 
and loan 
assocta- 


447 
corpo- 
'-Qt Ions 


;-"tQte and local 
governments 


Held by 
all 




2S9 
life 


435rlre, 
casualty, 
and 


Type 


-ill 
general 

funis 


1.^' pen- 
sion and 
rt'tlre- 

o'nt l\m!;- 


other 
Inves- 
tors 2/ 


taix.rl-itnooi-t, [lank: 


1,900 

U3 

250 

2,293 

3,303 
250 


103 

16 


738 

32 

770 

623 


40 


20 

4 
24 

25 
53 


22 

10 


m 


ltJ5 


111 

12 

2.y, 

1- 
19 


69 


•■95 


Issues to ;^tQte end local Ciovts. 

(Mlf. Backed Ponds) 2J 

Participation Certificates 


91 


Total 

Federal Housinp Adplnistratlon; 


lis 

1 10 

1,659 
37 


49 

19 

26b 


32 

199 

lii 


.i2 

8 

192 


139 

76 


19: 


636 




-J17 


Oovemment National Morti^are 
Association; 


21 


U.S. Postal ^^rvlce: 

Bonds 

Tennessee Vollev Authority: 

Bond.'? 


1,356 


Total Govemjnent Agency Securities 
covered by survey 




1. '!.;■'' 


l.'iS'^ 


4 "3 


151 


2''? 


30P 


265 




-■■ 







Total 
amount 
outstand- 
ing 1/7/ 






Held by 


investors covered in Treasui^/ Survey 










U.S. Govern- 
ment ac- 
counts and 
Federal 
Reserve 
banks 


' .49:^ 

comner- 
cial 
banks 
2/ 


4o7 
mutual 
savings 
banks 
2/ 


Insurance 


companies 


486 
savings 
and loan 
associa- 
tions 


447 
corpo- 
rations 


State and local 
governments 


Held by 
all 




239 
life 


43- fire, 
casualty . 
and 
marine 


other 
inves- 
tors y 


Type 


313 
general 
funds 


136 V^^- 
sion and 
retire- 
laent funds 


.Hanks for Coooeralives: 


5.254 
990 

16,279 

l,i'>.'! 


125 
1,855 


1,252 

30 

146 
3,519 

117 


U2 

51 

359 


13 

18 

40? 

1^' 


47 

13 

91 


223 

lo-;- 

'iY: 


162 

86 

10 

1 


. : 1 .■ 


1''6 
11.? 


.911 


Farm Credit Banks: 




Farmers Honie Administration: 


''■ 5 


Federal Home Loan Banks: 


171 


Bonds 


3,223 


FHLMC Mtg. Backed Certificates a.id 
Bonds 2/ 


823 


Issues to State and Local 
CkJVts. 7/9/ 




Total 


18.53'' 

10,990 

18,137 

1,325 

27,400 

1.215 

200 

545 


1.355 

439 

1,021 

59 


3,732 

2,186 

3,688 

253 
5,470 

161 
113 


6-79 

389 

619 

5C 

1,275 

119 


100 

27 

59 

28 
94 

15 


2'-,Q 

86 

310 

33 
428 

3 


1,110 
549 

1,270 

57 


124 

225 

^47 

31 

410 

11 

503 


507 

521 

159 
1,009 

41 


54 

452 

12 
329 

1" 


J.Jl'-i 


Federal Interrediete Credit Banks: 




federal L«nd Banks; 


10,505 


Federal National Mortiraee Association; 


669 


Debentures 


U,117 




7<3 


Mtp. Backed Bonds 


2 


Issues to State and Local Govts. 7/. 


- 


Total 


30.684 

20 


3,106 


6,CC2 


1,461 
4 


138 

1 


467 
1 


1,562 
3 


1,755 


360 


15,530 


District of Columbia: 


9 






Total Govemnent fiponsored Agency 
Securities covered in survey 


89.618 


- .823 


13,388 


3,704 


753 


1.274 


4.332 


l.-'OS 


4 . 3=0 


-.1- 


4':,329 







y 



Securities issued by the Treasury and Government agencies that are 

classified as debt under the new unified budget concept. For debt 

subject to limitation, see Table FD-9. 

Includes trust departoente. 

Included with all other investors are those banks, insurance cotnpanieE, 

savings and loan assoc Nations, corporations, and State and local 

govemaent funds not report Ir^j^ in the Treasury Survey, Also Included 

are certain Govemnent deposit accounts and Government -sponsored 

agenc ies . 

Data on the holdings of nonmarketable Public Debt were no longer 

collected beginning with July 197A Treasury Survey of Ownership. 



^ Tncladet Export-Import Bank and Government National Mortgage Associ- 
ation participation certificates. 

6/ Includes matured securities cwtstanding on which interest has ceased. 

7/ Direct placetaents with State and local governments Titb various 
interest rates and maturity dates. 

3/ Includes securities issued for use as collateral for short-term 
borrowings, 

^ Ctoligation of the Federal Hoir>? loan ?tortgage Corporation, The capital 
stock of the ■ ■ -age Corporation is held by the 

twelve Feder: 

* Less than %'; . 



Ji/iic 19^7 



.MARKET QUOTATIONS ON TREASURY SECURITIES, MAY 31, 1977, 



73 



Current market quotations shown here are over-the- 
counter closing bid quotations in the New York market for 
the last trading day of the month, as reported to the Treasury 
by the Federal Reserve Bank of New York. The securities 



listed include all regularly quoted public marketable secu- 
rities issued by the United States Treasury. Securities 
issued by Federal agencies and guaranteed by the United 
States Government are excluded. 



Table MQ-1. - Treasury Bills 



Amcrunt outstandint^ 






















{millions ) 


Issue 


date 




Bank discount 


Amount 

outstanding 

(millions) 


Issue 




Bank 


discount 




26-week 


13 -week 


26-week 


Maturity 
date 


Pid 


Change from 


date 


Maturity 
date 




Change from 


13-week 


















last month 


52 -week 


52-week 




Bid 


last month 


$2,503 


J3,50i-. 


3/3/77 


12/2/7ft 


6/2/77 


"■.lis 


* '■7'S 












2,302 


3,404 


3/10/77 


12/9/76 


6/9/77 


'■.04 


♦ ^,^1 












2,110 


3,202 


3/17/77 


12/16/76 


6/16/77 


4.98 


■t.48 


2,612 


6/29/76 


c/28/77 


4.94;'-^ 


♦.42$ 


2,107 


3.103 


3/24/77 


12/23/76 


6/23/77 


4.93 


■•.44 


2,977 


7/27/76 


7/26/77 


4.99 


♦.39 


2,304 


3,403 


3/31/77 


12/30/76 


6/30/77 


4.95 


^.42 


2,953 


8/24/76 


8/23/77 


5.03 


+ .28 


2,504 


3,503 


4/7/77 


1/6/77 


7/7/77 


M.'" 


•.39 


2,917 


9/21/76 


9/20/77 


^.08 


♦ .25 


2,402 


3 , 501 


4/14/77 


1/13/77 


7/14/77 


■; . 44 


•.37 


3,095 


10/19/76 


10/18/77 


5.18 


+ .17 


2,402 


3,503 


4/21/77 


1/20/77 


7/21/77 


4.97 


+ .3S 


3,402 


11/15/76 


11/15/77 


5.20 


+ .18 


2,304 


3,5% 


4/28/77 


1/27/77 


7/28/77 


4.99 


♦.30 


3,505 


12/14/76 


12/13/77 


5.23 


♦ .11 


2,304 


3,704 


5/5/77 


2/3/77 


8/4/77 


4.98 


«.27 


3,071 


1/11/77 


1/10/78 


5.30 


+ .13 


2,204 


3,699 


5/12/77 


2/10/77 


8/11/77 


5.00 


♦.28 


3,105 


2/8/77 


2/7/78 


'. -fi 


+ .16 


2,104 


3,603 


5/19/77 


2/17/77 


8/18/77 


■i.OO 


♦ .28 


3,208 


3/8/77 


3/7/78 


5.40 


+ .16 


2,100 


3,604 


5/2i:,/77 


2/24/77 


8/2'i/77 


■i.Ol 


♦.29 


3,342 


4/5/77 


4/4/78 


5.43 


♦.17 




3.601 




i/3/77 


9/1/77 


■i.03 


+.28 


2,968 


5/3/77 


5/2/78 


5.44 


+ .18 




3,403 




3/10/77 


9/8/77 


■5.04 


♦.26 


2,453 


5/31/77 


5/30/78 


•■.42 






3,103 




3/17/77 


9/15/77 


^.06 


♦.25 














3,104 




3/24/77 


9/22/77 


■i.lO 


♦ .27 














3,404 




3/31/77 


9/29/77 


^.12 


♦.28 














3,503 




4/7/77 


10/6/77 


5.14 


♦.28 














3,503 




4/14/77 


10/13/77 


''.17 


♦.29 














3,406 




4/21/77 


10/20/77 


M7 


♦.25 














3,300 




4/28/77 


10/27/77 


"'.IS 


+ .26 














3,307 




5/5/77 


11/3/77 


5.19 


_ 














3,303 




5/12/77 


11/10/77 


■•.20 


_ 














3,203 




5/19/77 


11/17/77 


5.21 


_ 














3.201 




5/26/77 


11/25/77 


5.23 


_ 














3,101 




e,/2/77 


12/1/77 


5.23 















Table MQ-2. - Treasury Notes 











(FT 


ee decimals 


are 32dE) 


















Ir 


ice 


Y 


ield 




Price ranj?e since first traded 1/ 


Amount 














Issue 










outstanding 




Change 




Charjge 


High 


Low 


(millions ) 




Description 


Bid 


from last 


To 
maturity 


from last 


date 




























month 


month 




Price 


Date 


Price 


Date 


2,170 


6-1/2% 


6/30/77-J 


100.01 


-.05 


5.95'? 


+.72?; 


6/30/75 


101.00 


12/3/76 


97.00 


9/16/75 


1,516 


7-1/2 


7/31/77-K 


100.09 


-.10 


5.65 


+ .66 


7/31/75 


102.01 


1/29/76 


98.18 


9/16/75 


4,918 


7-3/4 


8/1 5/77- B 


100.14 


-.10 


5.49 


+ .44 


8/15/70 


114.00 


3/22/71 


97.04 


8/26/74 


2,021 


8-1/4 


8/31/77-L 


100.20 


-.13 


5.57 


♦.58 


8/29/75 


103.03 


1/12/76 


99.26 


9/15/75 


3,226 


8-3/8 


9/30/77-M 


100.29 


-.12 


5.51 


+ .34 


9/30/75 


103.11 


1/12/76 


100.03 


9/17/75 


3,156 


7-1/2 


10/31/77-N 


100.25 


-.11 


^.53 


♦.36 


10/31/75 


102.08 


12/7/76 


IOC, :• 


■-'--'75 


3,630 


7-3/4 


ll/15/77-E 


101.00 


-.10 


5.47 


♦.24 


11/15/74 


103.19 


2/21/75 


9f. 


• :■ /75 


2,628 


6^5/8 


11/30/77-Q 


100.16 


-.08 


--. 59 


♦.29 


3/3/76 


101.20 


12/3/76 


99.0c 


-v',^7/76 


2,765 


7-1/4 


12/31/77- P 


100.28 


-.12 


5.70 


♦ .39 


12/31/75 


102.12 


12/3/76 


100.02 


5/27/76 


2,511 


6-3/8 


1/31/78-J 


100. 15 


-.06 


5.65 


+ .18 


2/2/76 


101. 16 


12/7/76 


98.20 


5/27/76 


8,389 


6-1/4 


2/15/78-A 


100.11 


-.08 


'.75 


+ .27 


2/15/71 


106. 20 


3/22/71 


92.06 


8/23/74 


2,115 


8 


2/28/78-0 


101.19 


-.14 


S79 


+ .33 


10/7/75 


103.15 


12/3/76 


99.12 


9/30/75 


3,162 


^3/4 


3/31/78- K 


100.25 


-.09 




+ .23 


3/31/76 


102.05 


12/3/76 


99.00 


5/27/76 


2,574 


^1/2 


4/30/78- L 


100.18 


-.11 


'■ ,'^'' 


+ .31 


5/17/76 


101. 30 


12/3/76 


98.17 


5/27/76 


3,960 


7-1/3 


5/15/78-rJ 


101.05 


-.11 


'■.■?6 


+ .25 


2/18/75 


102.22 


12/3/76 


96.27 


9/16/75 


4,423 


7-7/8 


5/1 5/78- F 


101.27 


-.13 


■^.Sn 


+ .25 


8/15/75 


103.25 


12/3/76 


98.16 


9/16/75 


2,567 


7-1/8 


5/31/78-M 


101.07 


-.10 


"■.■^5 


+ .20 


6/1/76 


102.26 


12/3/76 


99.18 


5/27/76 


3,331 


6^7/8 


6/30/78-N 


101.00 


-.10 


'i!91 


♦.21 


6/30/76 


102.17 


12/3/76 


99.22 


6/28/76 


2,855 


6-7/8 


7/31/78- P 


101.01 


-.09 


•■'.95 


+ .18 


7/21/76 


102.18 


12/3/76 


99.29 


7/21/76 


5,155 


7-5/8 


8/15/78-E 


101.28 


-.11 


5.99 


+ .18 


5/15/75 


103.24 


12/3/76 


97.26 


9/16/75 


2,462 


P-3/4 


8/15/78-C 


103.13 


-.05 


5.79 


-.05 


5/15/74 


106.10 


2/5/75 


99.24 


8/23/74 


2,949 


6-5/3 


8/31/78-Q 


100.24 


-.08 


s,qq 


♦.16 


8/31/76 


102.06 


12/3/76 


99.28 


8/20/76 


3,195 


6-1/4 


9/30/78-R 


100.10 


-.06 




♦.13 


9/30/76 


101.20 


12/10/76 


99.22 


9/24/76 


2,921 


5-7/8 


10/31/78-S 


99.25 


-.04 




+ .10 


11/1/76 


101.01 


12/10/76 


99.13 


2/2/77 


8,207 


6 


11/15/78-B 


99.30 


-.04 




+ .09 


11/15/71 


101.08 


12/3/76 


90.10 


8/23/74 


2,941 


5-3/4 


11/30/78-T 


99.18 


-.03 


6.06 


+ .0E 


11/30/76 


100.28 


12/10/76 


99.05 


2/2/77 


3,376 


5-1/4 


12/31/78-U 


98.25 


-.01 


6.07 


+ .06 


12/31/76 


99.27 


12/27/76 


98.07 


2/2/77 


2,517 
2,855 
4,692 


8-1/8 
5-7/S 

n 


12/31/7S-H 
1/31/79- L 
2/15/79-H 


103.00 

99.20 

101.11 


-.10 

-.01 
-.06 


6.11 
6.12 
6.16 


+ .10 

+ .03 
+ .07 


10/22/75 

2/3/77 

2/17/76 


105.08 
100.09 
103.09 


12/3/76 
4/14/77 
12/2/76 


100.07 
99.08 
98.23 


10/15/75 
2/2/77 
3/4/76 


2,845 
3,519 
1,992 
2,269 
2,083 


5-7/? 

6 

5-7/8 

7-7/8 

6-1/8 


2/28/79-M 
3/31/79-N 
4/30/79- P 
, - 5/15/79-D 
5/31/79-Q 


99.18 
99.24 
99.17 
103.00 
99.29 


-.01 
-.02 
-.01 
-.12 


6.14 
6.15 
6.14 
6.22 

6.18 


+ .03 
♦.04 
+ .03 
+ .13 


2/2,'3/77 
3/31/77 
5/2/77 
11/6/74 
5/31/77 


100.11 
100.18 

99.28 
105.10 

99.29 


4/14/77 
4/14/77 
4/20/77 
12/2/76 
5/31/77 


99.06 
99.12 
99.04 

98.04 
99.14 


5/20/77 
5/20/77 
5/20/77 
9/15/75 
5/20/77 


1,782 
4,559 
2,989 
2,081 


7-3/4 
6-1/4 
6-7/8 
^1/2 


6/30/79-E 
8/15/79-A 
8/1 5/79- J 
9/30/79-F 


103.00 
100.03 
101.06 
104.26 


-.10 
-.03 
-.06 
-.02 


':.19 
6.20 
6.29 
I'.S'' 


♦.10 
+ .04 
+ .07 
-.04 


7/9/75 
S/15/72 
8/16/76 

9/4/75 


105.08 
101.23 
103.09 
107.18 


12/3/76 
12/10/76 
12/10/76 

12/2/76 


97.16 
90.04 
99.27 
90.23 


9/15/75 

8/23/74 

8/5/76 

9/16/75 



Footnotes at end of Table ^^Q-3. 



74 



.MARKET QUOTATIONS ON TREASURY SECURITIES. MAY 31, 1977, 



Treasury Bulletin 



Table MQ-2. - Treasury Notes— Continued 











(Price declnalo are 32d8) 
















Description 


rrlce 


Yield 


Issue 
date 


Price range el 


nee first trade 1/ 


Amount 
outstanding 




Change 
from last 
month 


To '^^^'* 
"■"»^^^ Sn« 


je 
last 

1 


High 


Low 


(millions) 






Bid 




Price 


Date 


Price 


Date 


$3,376 


e^i/4^ 


U/15/79-K 


99.28 


.00 


6.31? 


OQt 


11A5/76 


101.3" 


I2/IOA6 


99.05 


.;/2/77 


1/04 


f-5/f 


11A5A9-B 


100.24 


-.01 


6.29 


00 


2A5/73 




12/10/76 


91.02 


8/23/74 


2,2a 


7 


11A5A'9-C 


101.14 


-.08 


6.36 


09 


11A5A3 




I2/IOA6 


92.16 


8/23/74 


2,006 


7-1/2 


12/31/79-G 


102.22 


-.05 


6.35 


03 


1/6/76 




I2/2A6 


99.14 


5/27/76 


4,608 


(^1/2 


2A5/8O-G 


100.07 


-.01 


6.41 






..12 


4/4A7 


99; 17 


2/2/77 


2,069 


7-1/2 


3/31/SO-C 
5A5/8O-A 


102.23 


-.02 


6.43 






. -.04 


12/2A6 


99.11 


5/27/76 


7,26'i 


6-7 '3 


101.0" 


-.01 


^ . ' 2 




] ■ /"': 


103.12 


12/10/76 


91.16 


8/23/74 


2,185 


7-5/8 


6/30/80-D 


10 -.J.) 


- .-"' ■ 






■ 1:1 /lb 


105.23 


12/2/75 


100.05 


6/5/75 


4,296 


9 


8/15/80-? 


10". 04 


- .y^ 


. ^^-i 


j; 


-■/ 15/74 


110.05 


I2A0A6 


100.21 


8/23/74 


2,141 


6-7/8 


9/30/»-F 


I'M . 30 


■ .0-'. 


' ■ ' 


05 


3/31/75 


103.19 


12/2/76 


99.24 


9/9/76 


2.692 


5-7/8 


12/3l/i»-f 


97.22 


-, ^\~ 


,,_,- 


06 


II/30A6 


100.11 


12/3/76 


96.21 


2/2/77 


1,842 


7 


2/15/81-A 


101.00 


' . ")6 


tV.tj? 


05 


2A5/74 


103.28 


11/26/75 


91. U 


8/23A4 


4,796 


7-3/8 


2A5/81-C 


102 .05 


♦ !o' 


6.7] 


06 


2A8A5 


105.03 


12/2/76 


95.06 


9A/75 


2,809 


6-7/8 


3/31/31-H 


100.21 


• .07 


6.63 


07 


3/8A7 


101.23 


4/U/77 


99.02 


2/25/77 


2,020 


7-3/8 


5/15/81-D 


102 .05 


*.05 


6 . "4 


06 


1/25A6 


105.08 


I2A2/75 


98. U 


5/27/76 


2,501 


6-3/4 


- 


100.04 


. 


'-..VI 


_ 


6/3/77 


100.04 


5/31/77 


99.29 


5/26A7 


2,586 


7-5/8 


_;. 


103.00 


* .O'j 


' ."'? 


06 


n/'i/ib 


106.10 


12/2/75 


100.00 


7A/75 


2,543 


7 


- 


100.21 


+ ,!>;i 


•-.i?3 


08 


10/12/75 


104.10 


U/25/76 


99.23 


9/30A5 


u.icn 


7-3/4 


-■-, 


103.16 


♦.04 


6.33 


05 


11/15/74 


106.30 


12/2/75 


96.12 


9A6/75 


2,697 


6-1/8 


- 


97.0') 


*.07 


5.84 


04 


\/b/TJ 


99.30 


12/31/75 


96.07 


2/2/77 


2, on 

2, "47 


7 
8 


: '-:■ 


i82:i? 


* .0"^ 


6.8-- 


11 


WM 


101.25 
103.04 


4/U/77 
12/3/76 


99.31 
97.01 


5/20/77 
9A6/75 


2,918 


3-1/8 


. -i= 


105.06 


* . J.; 


6.92 


04 


8/15/75 


103.20 


12/10/76 


97.20 


9A5/75 


2,902 


7-7/8 


11,'^:, £2- C 


104.04 


-, .'.Ir? 


6.95 


05 


11A7/75 


107.20 


12/3/76 


98.12 


12A0/75 


7,958 


8 


2/i5/93-A 


104.20 


* .Ob 


".X 


05 


i/Xl/lb 


108.08 


12/3/75 


100.15 


5/27A5 


2,309 


7 


11A5/83-B 


100.00 


♦.15 


7.00 


09 


IIA5A6 


104.04 


I2AO/75 


98.24 


2/2/77 


8,436 


7-1/4 


2A5/84-A 


100.20 


+ .16 


7.13 


10 


Z/i.^/-?! 


101.25 


4/UA7 


99.21 


5/11/77 


5,219 


7-7/8 


5A5/8«vA 


103.14 


*.18 


7.34 


09 


5A7/75 


107.20 


12/30/76 


99.06 


5/21/76 


9,515 


8 


8/15/86-B 


104.12 


-.16 


7.34 


08 


8A5/76 


108.20 


12/30/75 


101.01 


8/5/76 


17 


1-1/2 


IOA/77-EO 


98.02 


*.14 


7. .44 +. 


06 


lOA/72 


98.02 


5/31/77 


80.15 


10/31/72 


15 


1-1/2 


4A/78-EA 


95.26 


*.24 


6.74 


42 


4A/73 


95.26 


5/31/77 


79.15 


9/30/74 


3 


1-1/2 


10 A/73- EO 


93.08 


+ .10 


6.88 t 


07 


lOA/73 


93.08 


5/31/77 


77.20 


9/30/74 


2 


1-1/2 


4A/7S^EA 


91.06 


+ .12 


6.53 


01 


4A/74 


91.06 


5/31/77 


75.12 


9/30/74 


1 


1-1/2 


IOA/79-EO 


89.02 


+ .12 


6.53 


01 


10/1/74 


39.02 


5/31/77 


73.04 


10/31/74 


2 


1-1/2 


4A/8O-EA 


86.30 


+ .12 


6.63 


01 


4A/75 


36.30 


5/31/77 


74.10 


4/30/75 


3 


1-1/2 


10/1/80-E0 


34.24 


+ .14 


6.68 


03 


10/1/75 


, 84.24 


5/31/77 


72.00 


10AA5 




1/1/2 


4A/8I-EA 


82.20 


+ .12 


6.71 


02 


4AA6 


82.20 


5/31/77 


74.16 


5/28A6 


14 


1-1/2 


IOA/8I-K) 


80.18 


+ .12 


6.75 


01 


lOA/76 


82.18 


5/31/77 


75.20 


lOA/76 




1-1/2 


4A/32-EA 


78.18 


+ .06 


6.77 ♦ 


03 


4A/77 


■,■3.18 


5/31/77 


78.00 


3/31/77 



Footnotes at end of Table MO-3. 



Table MQ-3. - Treasury Bonds 











!i>r 


oe decimals are 32d's) 












Amount 
ouV 






?r 


ice 


Yield 




Price range si 


nee first traded 1/ 








Change 


To first 


Change 




High 




Lo» 






Description 




from 
last 

nionth 


call or 

matxirity 

2/ 


from 
last 

month 


date 








(millions) 




Bid 


Price 


Date 


Pr 


ice Date 


*i:7?^ 


iV 


2/15/80 
11/15/80 


''4.08 
91.10 


-.09 
-.09 


6.34? 
5.34 


♦.IS J 
♦.16 




103. 18 
97.24 


5A2/61 
5/12/61 


71 
56 


.04 
.24 


807 


7 


8/15/31 


100.22 


-.06 


5.81 


♦.45 




110.02 


11/15/71 


"ii 




2,702 


5-3/8 


2/15/82 


98.04 


.00 


6.85 


♦.01 


2/1', .'72 


101.14 


3/9/72 




8/28/74 


1,297 


3-1/4 


6/15/78-83 


83.04 


+ .08 


6.69 


-.01 


5/l,/53 


111.23 


8/4/54 




5/26/70 


1,058 


4-1/4 


5/15/75-85 


83,10 


+.07 


7.02 


-.02 


4/15/50 


105.28 


5/' ■ 




.■'6/70 
.17/74 


2,353 


6-3/8 


8/15/84 


96.20 


+ .05 


6.98 


-.02 


8/15/72 


100.10 


12/- 




791 


3-1/4 


5/15/85 


7R.1H 


+ .18 


5.78 


-.07 


6/3/58 


101.04 


6/11 




.^5/70 


1,216 


6-1/8 


11/15/86 


93.62 


-.24 


7.15 


•.12 


11/15/71 


100.20 


11/5/71 




9/29/74 




3-1/2 


2/15/90 2. 


/ 73. U 


♦1.08 


6.62 


-.16 


2/U/58 


106.25 


4/21/58 




5/26/70 


1.247 


8-1/4 


5/15/90 i 


/ 106.08 


+.16 


7.49 


-.06 


4/7/75 


111.05 


12/31/75 




' '12/75 




4-1/4 


8/15/87-92 I 


/ 75.02 


•1.02 


5.93 


-.13 


8/15/62 


104.10 


12/26/52 




.'5/70 




4 


2/15/88-93 1 


/ 73.26 


♦1.02 


6.73 


-.13 


l'17/63 


100.11 


1/16/63 




1 ■ ' '25/70 


627 


6-3/4 


2/15/93 I 


/ 95,28 


♦,U 


7.19 


-.05 


1/10/73 


99,22 


V4/73 


82 


18 8/25/74 




7-1/2 


8/15/88-93 i 


/ 100,00 


♦.02 


7.50 


-.01 


8/15/73 


104. U 


9/28/73 


39 


16 8/26/74 


1,117 


4-1/8 


5/15/89-94 i 


/ 74.04 


•1.00 


5.70 


-.11 


4/18/63 


100.25 


8/28/63 


61 




604 


3 


2/15/95 i 


/ 73.26 


•1.28 


5.30 


-.19 


2/15/55 


101.12 


6A8/55 


59 








5/15/93-98 1 


/ 97.04 


-.20 


7,27 


+.05 


5/15/73 


99.?.^' 


'.'S/7-1 


84 




2,1M 


3-1/2 


11/15/98 i 


/ 73.24 


♦1.24 


5.62 


-.17 


10/3/60 


9' '61 


59 




2,414 


8-1/2 


5/15/94-99 2 


/ 107. U 


♦.15 


7.71 


-.05 


5/15/74 


11: . . '75 


97 




2.771 


7-7/8 


2/15/95-00 1 


/ 102.00 


+.19 


7.67 


-.06 


2/18/75 


107.04 


12/31/76 


^^ 




2,265 


8-3/8 


8/l5/'95-00 1 


/ 106. U 


♦.U 


7.71 


-.04 


8/15/75 


.111.15 


12/31/75 




1 


1,575 


8 


8/15/95-01 2 


i 102.28 


+.14 


7.71 


♦.04 


8/16/76 


108.10 


12/31/76 




, 


2,221 


8-1/4 


5/15/00-05 2 


/ 105.16 


♦.U 


7.7 




5/15/75 


110.24 


12/3 IA6 


95 


P i 


3,047 


7-5/8 


2/15/02-07 2 


/ 99.02 


+.20 


7.". 




2/15/77 


100.10 


4/U/77 


97 





1/ BeRinnlng April V^^"), prlcee are closing bid quotations In the over- 
the-counter marJcet. Prleea for prior dates are the mean of closing 
bid and ask quotations. "When issued" prices are Included In the 
history beerlnnlnc October 1941. Dates of highs and lews In case of 
recurreiues ore the latest dates. 



2/ On callable Issues market convention treats the yields to earliest 
call date as more significant when an Issue is selling above par, 
and to maturity when It Is selling at par or below. 

^ Included In the average yield of long term taxable Treasury bonds 
as shown under "Average yields of Long-Term Bonds." 



J/nu'19^7 



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76 



Treasury Bulletin 



AVERAGE YIELDS OF LONG -TERM BONDS. 



Table AY-1. - Average Yields of Long-Term Treasury. Corporate and Municipal Bonds by Periods 



Treasury 
bonds 1/ 



Aa now 

corporate 
bonds 2/ 



S. I. A. 
new Au 
nunicipal 
bonds y 



Treasury 
bonds 1/ 



Aa new 
corporate 
bonds 2/ 



S. I. A. 
new Aa 
municipal 
bonds y 



Treasury 
bonds 1/ 



Aa now 
corporate 
bonda 2/ 



£, I. A, 
new Aa 
mnicipal 
bonds 2/ 



Treasury 
bonds 1/ 



Aa new 
corporate 
bonds 2/ 



S. I. A. 
new Aa 
raunlc ipal 
bonds y 



Monthly series - averages oP daily or weekly series 



Jan. 
Fob. 
K&r. 
Apr. 
May. 
June. 

J«ly, 
Aug.. 
Sept. 
Oct.. 
Mov., 
Dec.. 

Jan. . 
Feb.. 
Mar.. 
Apr. . 
May.. 
Jiuie. 

July. 
Aug.. 
Sept. 
Oct.. 
Nov.. 
Dec. . 

Jan. . 
Feb.. 
Mar.. 
Apr. . 
May.. 
Jiine. 

July. 
Aug.. 

Sept. 
Oct.. 
Nov.. 
Dec. 



5 . ''•0 
6.06 



5 . v.; 

:>,F6 

6,05 



6.27 
6.52 
6.81 



24 1/ 

07 



56 
46 Ij 



'!.7/-' 
V.J 3 
1.1b 
l.'il. 
7.62 



t'.OS 

f.:i6 



1Q71 

7.6:: 
7.5i 
7.62 
7.76 
8.25 
8.15 

8.2i 
8.14 
7.90 
1.12 

7.67 



5. it' 
5.10 
5.00 
5.11 
5.80 
5.89 

5.96 
5.62 
5.20 
4.87 
4.92 
5.02 



5.62 
5.67 
5.66 
5.7/. 
5.6/. 
5.50 

5.5«i/ 
5.5a 
5.70 
5.6Q 



197i 

7.:<6 
7.57 
7.5-i 
7. 7V 
7.61 
7.6; 

7.72 
7.59 
7.72 



7.69 
7.7- 



1974 



6.68 Ij 
66 



IJ 4,' 
28 



1"77 

7.96 



6.32 



5.33 

5.36 



tonJr 1/ 



corporate 
bonds 2/ 



S. T. A. 
new Aa 
municipal 
bonds i/ 



?rea3\iry 

bonds 1/ 



Aa new 

corporate 
bonds Z/ 



new Aa 
raunicip:?! 
bonds 3/ 



. reasur-y 
^onds 1/ 



A^ ne* 
Cijrpor'i 

b . ■ ' 



r -mi:;ipal 



Weekly series - average for weeks ending - 



lt>76. 
























Dec. ■> 


6.43 


8.00 


5.60 


Feb. 4 


7.15 


8.10 


n.a. 


Apr. 1 


".l" 


8.35 


5.55 


10 


6.37 


7.90 


5.40 


11 


7.16 Ij 


8.13 


5.39 


8 


7.18 


8.31 


5.62 


17 


6.40 


7.94 


5.42 


18 


7.13 


8.21 


5.38 


15 


7.11 




r. .s. 


24 


6.39 


7.91 


5.23 


25 


7.17 


8.27 


5.48 


22 




- ^,.- 




31 


6.37 


7.74 


n.a. 










29 




-. T 




1977 

Jan. 7 

14 

21 

28 


6.42 
6.62 
6.72 
6.88 


7.69 
7.99 
8.09 
8.09 


n.a. 
5.38 
5.75 
5.4? 


Mar. 4 

11 

18 

.:>5 


7.20 
7.22 

7.20 
7.19 


8.29 
8.31 
8.34 
8.37 


5.70 
5.40 


Hay 6 

13 

20 

27 


7.20 
7.21 
7.17 
7.12 


8.41 
6.42 
8.38 
8.32 


5.28 
n.a. 
5.42 
5.45 



\J Treasury bond yields are based on a composite of closing bid quotations 
in the over-the-counter taarket. Series includes bonds on which the 
interest incotue is subject to normal tax and surtax which are neither 
due nor callable before 10 years. For bonds currently in series, see 
Table UQ-3. 

Z/ Treasury series based on reofferlng yields of new corporate bonda with 
5 years call protection and rated Aa by Moody's Investors Service. 
Prior to June 1973, this series reflected bonds without call protec- 



y 



tion. The value of 5 years call protection in that period ranged from 

10 to 25 basis points. 

Index of new issue reoffering yields on Aa 20 year general obligations 

compiled by Securities Industry Association, Weeidy series are not 

available prior to January 1970. 

One or more new long-term bonds added to the average. 

An existing bond dropped from the average. 

Not available. 



June 1977 



77 



.AVERAGE YIELDS OF LONG-TERM BONDS. 



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78 



Treasury Bulletin 



.INTERNATIONAL FINANCIAL STATISTICS. 



Till' Lalilo;i in ttilj section are disijjned to provi'iu data 
on Unito.l Stuten reserve asui-'ts and llabilitii.'S and other 
statistics relatuil to tlie United .'States balance of payments 
and international financial position. A number of changes 
were Introduced in the May 1367 and July 177 .J issues of the 
Bulletin to increase the usefulness of this section. 

Table IFS-1 shows the reserve assets of the United States, 
including its golJ stocK, special drawing rights held in th= 
Special Drawing Accolmt in th2 International Monetary Fund, 
holdings of convertible foreign currencies, and reserve po- 
sition in the International Monetary Fund. 

Table IFS-2 brings together statistics on liabilities 
to foreign official institutions, and liquid liabilities to 



all other foreigners, which are used in the United States 
oalance-of-payments statistics. 

Table IFS-3 presents an area breakdown of United States 
liabilities to off Icial institutions of foreign countries. 

Table IFS-4 shows United States Treasury nonmarketable 
bonds and notes issued to official institutions of foreign 
countries. 

Table IFS-5 sets forth the factors which affect the 
United States position in the International Monetary Fund. 

Table IFS-6 presents a measure of weighted-average 
changes in exchange rates between the United States dollar 
and the currencies of certain other countries. 



Table IFS-1. - U.S. Reserve Assets 







(In millions 3f dollarG : 








End of 


Total 
reser/o 


Gold Ktook 1/ 


Special 
drawing 

rights y 


Convertible 
foreign 
currencies i^ 


Reserve 


calendar year 
or month 


Total 2/ 


Treasury 


International 
Monetary Fund ^ 




(1) 


(2) 


(3) 


W 


(5) 


(6) 


1957 


2:.,f-i2 


22,857 


22,781 


_ 


_ 


1, -,'?■" 


1958 


22,540 


20,582 


20,534 


- 


- 


1,958 


1959 


21,504 


19,507 


19,456 


- 


- 


1,997 


1960 


19,359 


17,?",-. 


17,767 


- 


- 


1,555 


1961 


18,753 




16,889 


- 


116 


1,690 


1962 


J.7,220 




15,978 


- 


99 


1,064 


1%3 


16,843 


■ - 


15,513 


- 


212 


1,035 


1964 


16,672 


15,471 


15,388 


- 


432 


769 


1965 


15,450 


13,806 y 


13,733 6/ 


- 


781 


863 y 


1966 


H,Pfl2 


13,235 


13,159 


- 


1,321 


326 


1%7 


u,e30 


12,065 


11,982 


- 


2,345 


420 


1968 


l':,710 


10,892 


10,357 


- 


3,528 


1,290 


1969 .• 


lf',*4 2/ 


11,859 


10,367 


- 


2,781 2/ 


2,324 


1970 


1 .; , ^f^' 


11,072 


- 10,732 


,-' ' 1 


629 


1,935 


1971 


i",io7 e/ 


10,206 


10,132 


1,1'« 


276 i/ 


585 


1972 


15,151 _2/ 


10,487 2/ 


10,410 3/ 


1,958 i/ 


241 


465 2/ 


1973 


14,378 12/ 


11,652 Ifl/ 


11,567 Ifl/ 


2,166 10/ 


8 


552 12/ 


1974 


15,883 


11,652 


11,652 


2,374 


5 


1,852 


1975 


16,226 


11.599 


11,599 


2,335 


80 


2,212 


1976 


18,747 11/ 


11,598 


11,598 


2,395 11/ 


320 


4,434 11/ 


1976- iJby 


17,958 11/ 


11,598 


11,598 


2,309 11/ 


938 


3,U3 11/ 




18,477 11/ 
18,246 11/ 






2,316 UJ 
2,318 11/ 


1,365 
864 


3,198 11/ 
3,466 H/ 


July 


11,59? 


11,598 


Aug 


18,586 11/ 


11, '.'J- 


11,598 


2,325 11/ 


845 


3,818 11/ 


Sept 


18,945 U/ 


U,5*' 


U,598 


2,357 11/ 


1,038 


3,952 H/ 


Oct 


19,013 11/ 
19,416 11/ 
18,747 U/ 

19,087 11/ 

19,122 11/ 
19,120r 11/ 
18,968 11/ 
19,195 11/ 


11,5*- 
11,50^- 

11, e;- 

ll,r,j- 
ll,f5c 


11,598 
11,598 

11. 5Q? 

11.--' 

11,, ;, 

11,- - 
11,620 


2,352 U/ 
2,365 11/ 
2,395 11/ 

2,375 U/ 

2. 383 11/ 
2,389rXL/ 

2.384 11/ 
2,470 11/ 


1,066 

1,146 

320 

372 
262 
261 
106 
95 


3,997 U/ 
4,307 1V 


Nov 


Dec 


4,434 U/ 


1977-Jan 


Feb 


4,632 U/ 


Mar 


4,819 11/ 


Apr .■.■:.■;;;: 

May 


4,812 11/ 
4,72011/ 




4.°72 11/ 



1/ 



1/ 






y 



2/ 



SJ 



Includes gold sold to the United States by the Int.; ;.,.i i,-^.... . :.._,._ :_ar>' 
Fund with the right of repurchase, and gold deposited by the Interna- 
tional ?4onetary Fund to nitlgate the impact on the U.S, gold stock of 
foreign purchases for the purpose of making gold subscriptions to the 
Fund under quota increases. For corresponding liabilities see Table 
IFS-2. 

Includes gold held by the Exchange Stabilization Fund (ESF). gg^ 
"Account of the U.S. Treasury," Table UST-3. 

Includes initial allocation on January 1, 1970 of $867 million, second 
allocation on January 1, 1971 of $717 million and third allocation 
on January 1, 1972 of $710 million of special drawing rights (SDHl 
In the Special Drawing Account in the International Itonetary Fund, 
plus or minus transactions in SDR. 

Includes holdings of Treasury and. Federal Reserve System. 
The United States has the right to purchase foreign currencies equiva- 
lent to its reserve position in the .'^lnd automatically if needed. 
Under appropriate conditions the United States could purchase addi- 
tional amounts related to the United States quota. See Table IFS-5. 
Reserve position Includes, and gold stock excludes, $259 million gold 
subscription to the Fund In June 1965 for a U.S. quota increase which 
became effective on February 23, 1%6. In figure:- published by the 
Fund from June 1965 through January 1966, this gold subscription was 
included in the U.S. gold stock and excluded from the reserve posi- 
tion. 

Includes gain of $67 nllllon resulting from revaluation of the Ger- 
man mark in October 1969, of which $13 million represents gain on 
German mark holdings at the time of revaluation. See also footnotes 
3 and 4, Table IFS-4. 

Includes $28 million increase in dollar value of foreign currencies 
revalued to reflect market exchange rates as of December 31, 1971. 
■" 'i.otes 3 and 5, Table IFS-4, 



^ Total reserve assets include increase of $1,016 million resulting from 
-hange in par value of the U.S. dollar in May 1972, consisting of 
$828 million total gold stock, $822 million Treasury gold stock, $155 
million special drawing rights and $33 million reserve position in 
the International Itonetary Fund, 
10/ Total reserve assets include increase of $1,436 million resulting from 
change in par value of the dollar on October 18, 1973, consisting of 
$1,165 million total gold stock, $1,157 million Treasury gold stock, 
$217 million special drawing rights, and $54 million reserve position 
in the International Monetary Fund. 
11/ Beginning July 1974, the UIF adopted a technique for valuing the SDR 
' - ■-'■=- -.re of exchange rates for the currencies of 

Jnited States SDR holdings and reserve 
.-D valued on this basis beginning July 
•o Jul}- 1974 (SDR 1=$1. 20635), the 
Toonted to (in millions of dollars): 



17~.;. A*. val^i'Lic: 
following end-of-mc: 
SDR holdiT, 

(net) 



1Q7ID- May 
June 

July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 
1977-Jan. 
Feb. 
Mar. 
Apr. 
May 

r Revised. 



2,438 
2,«8 
2,438 
2,438 
2,457 
2,457 
2,481 
2,487 

2,487 
2,487 
2,487 
2,475 
2,565 



reserve position 
In the IMF 

3,246 
3,318 

3,583 
3,922 
4,034 
4,087 

4, as 

4,495 

4,783r 

4,<»4r 

4,885r 

4,7eOr 

5,055 



U.S. total 
reserves 

18,220 
18,719 

18,483 
18,803 
19,127 
19,208 
19,640 
18,900 

I9,300r 11/ 
19.311r 11/ 
19.291r TI/ 
19,019r 11/ 
19.373 11/ 



J/n/e 19^7 



79 



.INTERNATIONAL FINANCIAL STATISTICS 



End of 
calendar 
year or 
month 



Table IFS-2. - U.S. Liabilities to Foreign Official Institutions 
and Liquid Liabilities to All Other Foreigners 



( In millinny of doila 



CD 



Liquid 
liabilities 
to IMF 

arising from 
L'old trans- 
actions 1/ 



Liabilities to lor-; 



5l institutions 2/ 



Shorts 
term 
liabil - 
ities 
reported 
by bants 
in U.S. 

(A) 



ii1arke1> 
able U.S. 
Treasury 
bonds 
and 
notes 2/ 

(5) 



Nonmarket- 
able U.S. 
Treasury 
bonds and 

ncites ii/ 



Other 
readily 

market- 
able 

liabil- 
ities 

5/ 

(7) 



Liquid 
liabil- 
ities 
to 
banl:s 

(8) 



Liquid liabilities 

to other forei.Tiers 



Shorts 
term 
liabil- 
ities 
reported 
by banicG 
in U.S. 
^•^n^ 



Marke-U 
able U.S 
Gov't, 
bonds 
and notes 
1/2/ 

(11) 



liquid 
liabilities 
to nonmone- 
tary in- 
ternation- 
al and re- 
gional or- 
ganizations 



1957 

1958 

1959 

1960 M/ 

1961 10/ 

1962 10/ 

1963 10/ 

196* 10/ 

1965 

1956 10/ 

1967 10/ 

1968 10/ 

1969 10/ 

1970 10/ 

1971 10/ 12/, 

1972 

1973 

1974 10/ 

1975 

1976' 

1975-Apr 

May. . . . 
June . . . 

July... 

Aug 

Sept.. . 

Oct 

Nov.. . . 
Dec 

lQ77^an 

Feb 

Mar. p.. 
Apr, p. . 



1'' 

IL. 
I'-' 


"'45 


-'/ 


2(1 


■Kli, 




21 


027 





{i 



82 
, 92 

119 

119 

' 126 

151 

136 
139 
135 

139 
13s 
lAO 
143 

151 

M7 
149 

151 
157 



2<,-; 



364 



U4 

rii'i 



2i")n 
2110 
500 

800 

■^00 

p.no 

aoo 

800 






755 11/ 
914 

009 
960 

.)81 
803 

861 

490 ly 

552r 
329r 

670 

005r 

214r 

176r 
76 3r 

828r 
706r 

6"gr 

?:2or 

012 
009 

«J8 
028 



1.011 

1,011 

i.o:!3 
1,033 

1,030 
1,030 

1,019 
1,019 

556 
565 

'•44 



n.a. 
10,120 

11,073 
11,083 

11,830 
11,830 

12,-143 
12,' 114 

U,4'''' 
U.425 

15,7'JO 
15.73t. 



U,S40 
14 ^'^ 

13,201 
13 , l'J4 

17,407 
17,340 

15,975 
15,998 

23,73o 
23,775 

51 2:"*^-"' 
5o',_,sl 



V,'17 

8 t-,(-,5 

9)154 

10,212 

10,212 

10, 'MO 
10,940 

11, '397 
11, '353 

12,467 
12,4d7 

13,224 
13.220 

13,06o 

12,434 
12,5 3'3 

14,034 
14 , 027 

11,318 
11,31s 

11/11,054 

11,077 

19,33S 
19,333 

10 , ,-,70 
i",018 



61,525 40,000 
66.861 12/43,923 
76.801 
76,823 



S0,712r 
91,900r 

84,302r 
85,701r 
85,209r 

85,949r 
86,750r 
85,099r 
85,879r 
B7,793r 
c'l , QOOr 

°3,045 
93,859 

'36,55:< 
Qo , 502 



_L- 



53,057 
53,079 



4^.5.30r 
53,528r 

50,57er 
51,630r 
50,056r 

50,513r 
51,273r 
49,571r 
49,071r 
4a,323r 
5?,528r 

54,515 
54,796 
■15.040 
57,52Q 



356 
376 

330 

3'JO 

751 
751 

1,217 
1,13 3 

1,12'i 
1,125 

l.l'IS 

SfjO 
3(-jT 



345 

346 

t'jb 
29 5 

1,'''^5 

5,236 

5,701 

5,059 
5,059 

6,671 

11,738 

8,245 
8,508 
9,225 

9,519 
9.835 

10,800 
11,027 
11,357 
11,788 

12,017 
12,725 
1'.548 
14,470 



V 



2/ 
2/ 



5/ 



200 
200 

766 
765 

1,233 
1,233 
1,534 

53! 

533 

1 ' 52 
1^452 

3,219 
3,219 

3,070 11/ 
3,070 

3,452 
3,452 

3.4a 



15,747 

15, 564 12/ 

16,339 
16, 339 

19,976 
20,648 

20,151 
20,151 
20,251 

20,151 
10,801 
19,803 
20,876 
21,131 
20,648 
20,b22 
20,496 
21,106 
20,976 



158 
158 



913 

913 

1,307 

1,307 

2,341 
2,341 

1,505 
1,505 

6" 5 
595 

144 
U4 

543 
1,673 
2,346 
2,346 

4: 

5 



535 
,936 
5,328 

5,412 
5,677 

5,755 

5,841r 

5,e25r 

5,905r 

5,972r 

5,o'!5 

5,eol 
5,842 
5,859 
6,527 



3,472 
3,520 
4,578 

4,313 

4,313 

5,404 
5,484 

5,346 
5,346 

5,317 
5,817 

7,271 
7,303 

7,419 
10,115 

9,936 
11,209 
11,085 

14,472 
14,472 

23,638 
23,645 

17,137 
17,169 

10,262 
10,049 

14,666 

17,504 

30,314 
30,106 

29,516 
37,377r 

35,204 

36,365r 

32,640r 

34,751r 
32,851r 
34,539r 
36,888r 
35,332r 
'7,^77r 

3 3,510 
1^088 
■2,874 
35,378 



2, '940 
2,773 



2,871 
2,373 

3,013 
3,013 

3,397 
3,387 

3,730 
3,753 

4,059 

4,271 
4,272 

4,585 
4,678 

5,053 
4,90Q 

4,464 
4,589 

4,676 
4,604 
4,138 
4, Ml 

5,043 
5,932 
8,803 

3,912 

10^701r 
13,559 

ll,490r 
ll,277r 
ll,418r 

ll,732r 

12,107r 

12,32Sr 

12,318r 

1^282 

13,569 

13,438 
14,077 
14 , 375 
14,440 



2,252 
2 , 4 30 
2.399 
2,230 



355 
357 



2,555 
2,555 



3.045 
3,046 



3,354 
3,377 



3,743 
3,744 
4,127 
4,120 

4,444 
4,444 

3,939 
4,064 

4,029 
4,039 

3,691 

3,004 

4,618 
5.502 

3,305 

8,414 

10,000r 
12,592 

10,726r 
10,531r 
10,617r 

10,901r 

ll,lQ6r 

ll,457r 

11, 391 r 

12,312 

12,592 

12,441 
13,056 
12,993 
12,886 



515 
515 

448 
448 

351 
341 

376 

376 

472 



558 
558 

5i>l 
465 

525 
525 

647 
555 

447 
447 



498 

498 

701 

977 

764 

746 
801 

831 
911 
871 
027 
070 
077 

997 
1,021 
1,382 
1,554 



1,047 
1,190 

1,525 
1,541 
1.948 
1,949 
2,151 
2,195 

1,950 
1,955 

1,722 
1,722 

1,431 

906 

'305 
601 
677 

725 
722 

659 
663 

344 
846 

1,528 
1,523 

1,525 
2,003 
3,322 
3,322 

5,623r 
8,483 

5,674 
5,662 
5,947 

5,744r 

7,055r 

7,752 

7,621r 

8,2)1 

8,483 

7,919 
7,085 
8,106 
7,708 



Note; Table is based on Treasuiy Department data and on data reported 7/ 

to the Treasury Department by banks and brokers in the United States. 
Data correspond generally to statistics following in this section and 3/ 

in the "Capital Movements" section, except for the exclusion of 
nonmarketable, nonconvertible U.S. Treasury notes issued to foreign 9/ 

official nonreserve agencies and the inclusion of investments t^ 
foreign official reserve agencies in debt se':;urities of U.S. Fed- 10/ 

erallY-SDonsored agencies and U.S. corporations. Table excludes 
International Monetary Fund "holdings of dollars." and holdings of 
U.S. Treasury letters of credit and nonnegotiable noninterest-bearing 
special U.S, notes held by other international and regional organ- 11/ 

isations. 

Includes liability on gold deposited by the International Monetary 
Fund to mitigate the impact on the U.S. gold stock of foreign pur- 12/ 

chases for gold subscriptions to the Fund under quota increases, 
and U.S. Goverrjoent obligations at cost value and funds awaiting 
investment obtained from proceeds of sales of gold by the Inter- 
national Monetary Fund to the United States to acquire income- earning 
assets. 

Includes Bank for International Settlements and European Fund. 
Derived by applying reported transactions to benchmark data; break- 
down of transactions by type of holder estimated 1950-1953. 13/ 
Excludes notes issued to foreign official nonreserve agencies. 
Includes long-term liabilities reported by banks in the United 
States and debt securities of U.S. Federally-sponsored agencies 

and U.S. corporations. n.a. 

Includes short-term liabilities payable in dollars to foreign banks, p 

and short-term liabilities payable in foreign c<arrencies to foreign 
banks and to "other foreigners." 



Includes marketable U.S. Government bonds and notes hel-i by foreign 
banks. 

Principally tiie International Bank for Reconstruction and Development. 
the Inter- American Development Bank and the Asian Development Bank, 
Includes total foreign holdings of U.S. Government bonds and notes, 
for which breakdowri by type of holder is not available. 
Data on the two lines shcsvn for this date differ because of changes 
in reporting coverage. Figures on the first line are comparable in 
coverage to those shown for the preceding date; figures on the second 
line are comparable to those shown for the following date. 
Includes $101 million increase in dollar value of foreign currency 
liabilities resulting from revaluation of the German mark in October 
1959, as follcws: liquid $17 million; other $84 million. 
Data on the second line differ from those on the first line because 
certain accounts previously classified as "official institutions" 
are included with "banks"; a number of reporting banks are included 
in the series for the first time; and foreign currency liabilities 
to official institutions of foreign countries are increased in value 
by $110 million .to reflect market exchange rates as of December 31, 
1971, as follows: U.S. Treasury certificates, $7 milli-in; nonirarket- 
able U.S. Treasury bonds and notes, $103 million. 
Includes $162 million increase in dollar value of ! ■ -y 

liabilities to official institutions of foreign cou:.-..i -.-. i-j.:.- ued to 
reflect market exchange rates, as follows: short- terra liabilities, 
$15 million; and nonmarketable K^.S. Treasury notes, $147 million. 
Not available. r Revised, 

Preliminary. 



80 



Treasury Bulletin 



.INTERNATIONAL FINANCIAL STATISTICS. 



Table IFS-3. - U.S. Liabilities to Official Institutions of Foreign Countries, by Area 



(In nvIllionG or 'iollnroi 



calendar year 
or month 



countrtea 



<X) 



(2) 



(3) 



Utln 

American 

RijpublicB 



(5) 



(6) 



Other 
countrie 
1/ 
(7) 



196/. . 



1965 

1960 2/ 

1967 

1968 y. . . . 

1969 i/. . . . 
1^)70 i/ 

1971 y y. 



1972 

1973 

1974 y. 



1975. 
1976 



1976- Apr.. 
Uay.. 

June. 

July. 
Aug.. 
Sept. 
Oct.. 
Hot.. 
Dec, 



1977-Jan. , . 
Feb. ., 
Uar.p. 
Apr. p. 



15,786 
15,825 

U,''/,0 

13,19/. 

17,/i07 
17,340 

15,975 a/ 
15;998 2/ 

23,796 

21,775 



50, '51 

61,526 
66.361 6/ 

76,301 
7f , 523 

?n,-'l.-'r 
"1 . • ■ r 

84,30.^r 
85,701r 
85,209r 
85,949r 
86,750r 
86,099r 
86,879r 
87,793r 
91,900r 

93,045 
93,858 
96,553 
99,502 



^ 



8,508 
9,325 
8,826 

7,771 
7,771 

10,321 

8,070 
3,062 

7,074 
7,074 

13,620 
131615 
30,010 
30,134 



34,197 

45,764 y 

44,328 

44,328 

45,701r 

45,855 

43,606r 
43,268r 
42,449r 

42,342r 
41,535r 
41,582r 

41,942r 

4ii,076 

45.;."7 

'•' . ' 
48,77C 



1,'.M" 
1,812 
1,702 

1,333 
1,333 
1.310 

1,867 
1,366 

2,951 
2,951 

3,980 
3,980 

4,279 
3,853 
3,662 
3,662 
3,132 
3,406 

3,600 
3,590 
3,578 

3,410 
3,212 
3,417 
3,389 

2,406 



2.844 
2,684 
2,752 



1,058 
1,283 
1,550 

1,310 
1,310 
1,582 

1,365 
1,365 

1,888 
1,911 

1,681 
i;681 

1,414 
1,429 

1,733 
2,544 
4,419 
4,419 
4,448 
4,853 

3,852 
3,827 
4,104 

4,000 
4,378 
4,286 
4,090 
4,086 
4,853 

4, 541 
4,525 

4,826 
4,396 



2,740 
3,028 
3,309 

3,900 
3;955 

4,428 

5,043 
4,997 

4,552 
2; 552 

41708 
M,519 
13,823 

17, 577 
10,887 
18,604 
18,626 

22,551 
34,112 



34,i;2 

35,561 
36,458 
37,455 
39,611 



154 
160 
194 

278 
278 

250 

259 
248 

m 

407 
407 

415 
415 



3,161 
3,161 
2.983 

l,S93r 

2,305 
3,141 



2,759 

2,464r 

l,975r 

l,893r 

1,757 
i;770 
1,679 
1,934 



176 
178 
245 

248 

243 

303 

303 
302 

291 

291 

a^ 

871 
870 

2,963 
3,025 
2,627 

2,627 
1,897 
1,781 

1,774 

l,776r 
l,'->00 

2,065 

1,^6 

l,623r 

l,558r 

l,3i;5r 

1,731 

2.062 
2,152 
1,982 
2,039 



Note: Data represent short-term and long-tenn liabilities to the offi- 
cial institutions of foreign countries, as reported by banks in the 
United States; foreign official holdings of marketable and noninarket^ ^ 
able U.S. Government securities with an original maturity of more 
than one year except for nonmarketable notes issued to foreign offi- ^ 
del nonreserve agencies; and investments by foreign official reserve 
agencies in debt securities of U.S. Federally-sponsored agencies and 
U.S. corijorations. 

i/ Includes Bank for International Settlements and European Fund. 

2/ Includes countries In Oceania , Eastern Europe and We'stern European 
dependencies in Latin America, 

2' ' ' *he two lines shewn for this date differ because of changes in 6/ 
■ : coverage. Figures on the first line are comparable in 



coverage to those shown for the preceding date; figures on the second 
line are comparable to those shown for the following date. 
Includes $101 million increase in dollar value of foreign currency 
liabilities due to revaluation of the German mark in October 1969, 
Data on the second line differ from those on the first line because 
certain accoxmts previously classified as "official institutions" are 
included with "banks"; a number of reporting banks are included in the 
series for the first time; and U,S. Treasury liabilities payable in 
foreign currencies to official institutions of foreign countries, are 
increased in value ty $110 million to reflect market exchange rates 
as of December 31, 1971, 

Includes $162 million increase in dollar value of foreign currency 
liabilities revalued to reflect market exchar.pe rates. 
Preliminary. ^ Revised. 



///;/(' /977 



81 



.INTERNATIONAL FINANCIAL STATISTICS. 



End of 
calendar 
year of 
month 



Table IFS-4. - Nonmarketable U.S. Treasury Bonds and Notes 
Issued to Official Institutions of Foreign Countries 

( In millions of dollars or dollar O'^uivalent) 



1962 

1953 

1954 

1965 

1965 

1957 

1958 

1959 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1976- May., 
June, 

July, 
Aug. , 
Sept, 
Oct.. 
Nov. , 
Dec, 

1977- Jan. . 
Feb.. 
Mar.. 

Apr. . 
May. , 



(1) 



1.-mO 
1.592 

l.S,;, ! 

5,1,S1 a,,' 

3,56': 

3,657 5/' 
15,872 
15,569 6/' 
16,331 
19,97c. 
20 , U4 - 

20,151 
20,251 

20,151 
19, ,801 
19, ,80! 
20,876 
21, HI 

20,b22 
20,4% 
21 , lO.j 
20 , 'J'/'-.r 
20,950 



Payable in dollars 



163 

354 

484 

35 i 

516 

1,592 

1,431 

2.4S0 

7,82 3 

14,333 

14,210 

14,867 

13,377 

lo,lu2 

18,552 
18,652 

18,552 
18,202 
13,204 
19,277 
19,552 
19,102 

19,102 

19.002 
19,D45 
19,--42r 
19,^42 



32 
32 
32 

20 



(^aiiada 

1,' 



299 
144 
314 
1,334 
1,129 
2,. •'89 
2,640 
2,840 
2,540 
2,540 
2,100 
1.650 

2,, '75 
2,375 

2, .'75 
1,925 
1 . 125 
1,925 
1,.800 
1,650 

1,650 
1,550 

1,550 
1,^50 
1,5 50 



(5) 



. 


160 


- 


184 


- 


177 


- 


1,6 


- 


135 


_ 


25 


5,000 


22 


11,315 


5? 


11,570 


_ 


12,327 


_ 


16,277 


_ 


16,87° 


- 


16,277 


_ 


16,277 


- 


15,277 


_ 


15,277 


_ 


15,279 


_ 


15,779 


- 


17,179 


- 


16,879 


- 


16,879 


_ 


16,879 


- 


17,522 




lV.419r 


- 


17,419 


- 



Italy 
(7) 



15 
15 
15 

15 
15 



Sweden 
(9) 



land 



573 
573 

57-: 



Taiwan 
(11) 



20 


100 


20 


100 


20 


100 


20 


100 


20 


100 



Thailand 
(12) 









Payable 


in foreign currencies 






End of 
calendar 
year or 
month 


Total 
(13) 


Austria 
(14) 


Belgium 
(15) 


Germany 
1/ 

(16) 


Italy 
(17) 


Switzerland 
(18) 


Bank for 
International 
Settlements 
(19) 


1962 

1963 

1964 

1955 

1956 

1957 


251 

730 
1,086 
1,.908 

342 
1,047 
1,538 
1,750 i/ 
1,08' 
1,827 %' 
1,539 
1,459 b/ 
1,^72 

1,5 99 

1,546 

1,599 
1,599 

1,599 
1,599 
1,599 
1,599 
1,579 
1,546 

1,520 
1,494 
1,461 

1,434 
1,408 


50 

50 

101 

25 

512 


30 
30 
30 
30 
50 


,^75 

679 

602 
50 

601 
1,051 
1,084 i/ 

542 

512 

306 


200 
200 

125 
125 
125 
225 

125 


51 

175 

257 

257 

111 

211 

311 

541 

541 

1,215 

1,233 

1,459 

1,472 

1,599 

1,545 

1,599 
1,599 

1,599 
1,599 
1,599 
1,599 
1,579 
1,546 

1,520 
1,494 
1,451 
1,434 
1,408 


70 
93 


1958 

1969 


- 


1970 • 

1971 


- 


1972 


- 


1973 


- 


1974 


- 


1975 


- 


1975 


- 


197o-May 

June 

July 


- 


Aug 


_ 


Sept 


_ 


Oct 

Nov 


- 


Dec 


_ 


1977-Jan 


. 


Feb 


_ 


Mar 


_ 




- 


May. 


- 







Note: For further information, see "Public Debt Operations," Tables 
PDO-8 and 9. 

1/ Includes bonds issued to the G-overnraent of Canada in connection with 
transactions under the Columbia River treaty. Amounts outstanding 
were $204 million, September 196^ through October 1965; $175 inillion, 
November 1965 through October 1966; $144 million, November 1966 
through October 1967; $11^ million, November 1967 through October 
1968; $84 million, November 1968 through September 1969; $54 million, 
October 1969 through September 1970; and $24 million, October 1970 
through October 1971. 

2/ Notes issued to the Government of Italy in connection with military 
purchases in the United States. 

2/ In addition, nonmarketable Treasury notes amounting to $125 million 



equivalent were held by a group of German commercial banks from June 

1968 through November 1972. The dollar value of these notes was 

increased by $10 million in October 1969, and by $18 million as of 

December 31, 1971. See also footnotes 7 and 8, Table IFS-1. 
ij Includes an increase in dollar value of $84 million resulting from 

revaluation of the German mark in October 1969. See also footnote 7, 

Table IFS-1. 
^ Includes $106 million increase in dollar value of foreign currency 

obligations revalued to reflect market exchange rates as of December 

31, 1971. See also footnote 8, Table IFS-1. 
6/ Includes $15 million increase in March and $147 million increase in 

April in dollar value of foreign currency obligations revalued to 

reflect market exchange rates. r Revised. 



82 



Treasury Bulletin 



INTERNATIONAL FINANCIAL STATISTICS 



Table IFS-5. - U.S. Position in the International Monetary Fund 











(In 


raiiliL>ns 
















Transactions affecting IMF ho 
during period 




lars 




IMF holdings 
of dollars at 
end of period 


U.S. 




U.S. transactions 


with IMF 


Transactions by 
other ccunti-I'- 
with IMF 


(8) 


reserve 

position 
in IMF 
at end of 


Calendar year 
or month 


Pay- 
ments of 
sub- 

scr '. p- 

tion In 


Net 
gold 
sales 
by IMF 

,i/ (2) 


Net 

borrow- 
ings by 
IMF 2/ 
(3) 


Traoe- 

actions 
In 

foreign 
curren- 
cies 3/(4 


IMF net 

income 

in 

dollirs 

1 (5) 


Ajrount 
(9) 


Percent 

of 

U.S. 
quota 

(10) 


Purchases 

of 

dollars ^' 
(6) 


Hepur- 

In 


period 
5/ 

<11) 


19^6-58 


2,063 
1,031 

776 

1,155 

541 S/ 
754 S/ 


oOO 
150 

22 
712 2/ 

10 

9 
1 

99 
21 


392 

15:' 


525 
435 

680 

-84 

150 

1,362 

200 

-133 


-47 
2 
11 
16 
17 
16 
18 
12 
15 
20 
20 
19 
25 
-28 
-47 
-33 
-59 
-219 
-572 

-127 
-15 

-6 

-146 

-28 

-8 

-133 
-6 

-132 

-1 

-137 


-2,922 
-139 
-149 
-822 
-110 
-194 
-282 
-282 
-159 
-114 
-806 

-1,343 

-854 

-24 

-1,073 

-442 

-2,078 

-429 
-140 

-280 
-233 
-111 
-56 
-285 
-109 

-513 
-47 

-213 


l,o-'- 

5.'i 

71" 

207 

5 

1 

74 J 
4': 

195 
426 

74 

20 

40 
25 
10 
90 
35 

133 

56 

4 

113 
75 


J- ■ 

i,.'.i:- 

-94 
-870 

-1 , :: '■■'. 

1, ■•'-• 
7.:i 

-1,265 

-466 

-2,214 

-556 
-72 

-265 
-339 
-112 

-54 
-328 

-80 

104 

-121 

20 

105 
-122 


792 
2,128 
2,570 
2,435 
3,061 
3,090 
3,356 
3,521 
4,834 
4,740 
3,870 
2,836 
4,765 
6,115 
6,810 
7,531 
6,265 
5,800 
3,587 

4,836 2/ 
4,764 2/ 
4,500 2/ 
4,161 2/ 
4,049 2/ 
3,996 2/ 
3,668 9/ 
3,587 J'' 

3,691 V 
3,570 2/ 
3,590 2/ 
3,695 2/ 
3,573 2/ 


29 
52 
62 
59 
74 
75 
81 
85 
94 
92 
75 
55 
71 
91 
94 
93 
78 
72 
44 

60 
59 

56 
51 

50 
49 

45 
44 

46 
44 
44 
46 

44 


1,958 
1,997 


iq59 


I960 


1,690 
1,064 
1,035 

769 

863 6/ 

326 


1061 


1962 


1963 


196j; 


1965 


1966 


1967 




1968 




1969 




1970 , 




1971 


465 


1972 


1973 


1,852 




1975 


4,434 


1076 


1976- Ifey 


3,113 








3,466 


Aug 


3,818 




3,952 


Oct 


3,997 


Nov 


4,307 


Dec 


4,434 




4,682 10/ 
4,819 10/ 
4,812 10/ 








4,720 10/ 
4,972 10/ 


May 







Note: The initial U.S. quota in the International Monetary Fund was 
$2,750 million. The U.S. quota was increased to $4,125 million in 
1959, $5,160 million in February 1966, and $6,700 million in December 
1970, and revalued to $7,274 million in May 1972 and $8,083 million 
in October 1973 as a result of changes in the par value of the dollar. 
Under the Articles of Agreement, subscription payments equal to the 
quota have been "■" **^- '■"■■ -^f-ent in gold and 75 percent in dollars. 

1/ Represents net :■ -.. .^ -old to acquire U.S. dollars for use in 
Fund operations. rj?lude trqnsactlons in gold relating to 

gold deposits or . - . .. ~ ible IFS-2). 

g/ Represents net 1 >'r the General Arrangements 

to Borrow. 

2/ Positive figures represent piiT-.'.i^eG from the Fund of currencies of 
other members for equivalent amounts of dollars; negative figures 
represent repurchases of dollars, including dollars derived from 
charges on purchases and from other net dollar income of the Fund, 
The United States has a commitment to repurchase within 3-5 years, 
but only t6 the extent that the Fund's holdlnga of dollars exceed 
75 percent of the U.S. quota. Purchases of dollars by other 
countries reduce the U.S. cornmitment to repurchase by an equivalent 
amount. 

4/ Beginning January 1970, includes dollars obtained by countries other 
*,■ in rr.f United States from sales of gold to the Fund. 

5^' *he United States gold tranche position in the Fund (the 

■■■s quota, plus net U.S. loans to the IMF, minus Fund's 
1. i j.i.> -. -i dollars), which is the amount that the United States could 
purchase in foreign currencies automatically if needed. Under 
appropriate conditions, the United States could purchase additional 
aiDoxints related to the United States quota. 



6/ 



2/ 
8/ 

2/ 



Includes $259 million gold subscription to the Fund in June 1965 for 

a U.S. quota increase which became effective on February 23, 1966. 

In figures published by the Fund from June 1965 through January 1966, 

this gold subscription was ir.?V.;^ed in the U.S. gold stock and 

excluded from the reserve p 

Includes $30 million of spe - rights. 

Represents amount payable ii. the Fund to maintain the 

value of Fund holdings of U.o. doiiars. 

Excludes currency valuation adjustments for each month as follows 

(in millions of dollars): 



Payable to 
the U.S. 



Payable to 
the IMF 



1976-May 31 

June - 8 

July - 2 

Aug - 12 

Sept - 20 

Oct 8 

Nov 15 

Dec - 34 

1977-Jan 29 

Feb - 10 

Mar . - 9 

Apr - 9 

May 4 

10/ Includes valuation adjustments on net borrowings by the IMF due to 
changes arising from fluctuations in the dollar value of the IMF's 
unit of account (SDR), for each month as follows (in millions of 
dollars): 

Increase or 
Decrease (-) 

1977-Jan -4 

Feb 1 

Mar 1 

Apr 1 

May -1 

« Less than $500,000. 



///;/(' /9^7 



83 



.INTERNATIONAL FINANCIAL STATISTICS. 



Table IFS-6. - Weighted-Average of Exchange Rate Changes for the Dollar 



(Percent change relative to exchange rates as of end-May 1970) 



End of calendar 
year or month 


Trade-weighted average appreciation (+) 

or depreciation (-) of the U.S. dollar 1/ 

Vls-a-Vis 




(■\irrencies of 
OECD countries 2/ 


Currencies of 46 main 
trading countries J/ 


1670 


-2.0 

-8.2 

-9. A 

-H.b 

-16.0 

-10.9 

-10.3 

-10.1 
-10.9 

-11.1 

-11.2 

-11.8 

-11.2 

-8.2 

-10.3 

-9.6 

-9.0 

-9.4 

-9.9 

-9.7 


-u.y 


1971 


-4.8 


1972 


-4.9 


1973 


-9.6 


1974 


-9.6 


1975 


-4.6 


1976 


-1.2 




-3.4 




-3.7 


July 

Aug 


-3.8 
-3.8 
-2.4 


Oct 


-0.8 




*0.9 
+1.0 




1977-Jan 


-0.1 




+0.7 




+0.4 




+0.2 




+0.3 







1/ This table presents calculations of weighted average percentage changes 
in the rates of exchange between the dollar and certain foreign curren- 
cies, in order to provide a meas\ire of changes in the dollar's general 
foreign exchange value broader than a measure provided by any single 
exchange rate change. Calculations are provided for two sets of 
countries that account for a major share of U.S. foreign trade, U.S. 
bilateral trade patterns in 1972 are used as a convenient, readily 
available proxy for the assignment of relative weights to individual 
exchange rate changes, though SMch weights do not provide a full 
iiieaa\ire of individual currencies' relative importance in U.S. inter- 
national transactions because they take no accoiont of factors other 
than trade. The calculations do not purport to represent a guide to 
measuring the impact of exchange rate changes on U.S. international 
transactions. 

Exchange rate data used in constructing the indices reported here differ 
somewhat from those used in earlier calculations to more accurately 
reflect end-of -period currency values. 

The equations used are as follows: 

Equation one is used to calculate a trade-weighted average of changes 
in the dollar cost of foreign currencies; 

(EQl) Epi = Z{A$/fci * Mi/SM) 

Where: Ej^ is the weighted average of percentage 
changes in the dollar cost of individual 
foreign currencies ; 

AS/fci is the percent change in the dollar 
cost of foreign currency i; and 

Mj^/Sm is U.S. imports from country i, as 
a proportion of total U.S. imports from 
all countries in the set. 

Equation two is used to calcxilate a trade-weighted average of changes 
in the foreign exchange cost of dollars: 



(E02) Ey. = E(AfCj^/5 * Xi_/J:X) 

Where: E^ is the weighted average of percentage 
changes in the foreign currency cost of 
dollars ; 

AfCj^/$ is the percent change in the 
foreign currency i cost of dollars; and 

Xi/SX is U.S. exports to country i, as 
a proportion of total U.S. exports to 
all countries in the set. 

Equation three combines the above export -weighted and import-weighted 
averages to provide an overall measure of exchange rate change: 



(EQ3) 



Z/ 



y 



[(En, * m/m+x)-(-l)] + tEx 



x/m+xj 



Where: m/m+x is U.S. imports as a proportion 

of its total trade with all countries in 
the set; and 

x/m+x is U.S. exports as a proportion of 
its total trade with all countries in the 
set. 

Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France 

Germany, Greece, Iceland, Ireland, Italy, Japan, the Netherlands, 

New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, 

United Kingdom. 

The currencies of 46 IMF member countries which account for approximately 

90^ of U.S. total trade. 

Preliminary. 



84 



Treasury Bulletin 



-CAPITAL MOVEMENTS. 



Uatn relating to capital movements between the United 
States and foreitm oouiitries have been collected since W?5, 
pvirsuaiit to Kxc'itive Or>lor 6''i.'0 ol' .laiuinry l"", l'"'!4, Execu- 
tive Order 100 '3 of I'olTuai-j.- :?, V^^'\ and Troasury ivi;ulations 
proinulij;;\led thereunder. Tlie rerulationj were amended In Jan- 
uary 19T" to acknowledfe the ef feot? of the International In- 
vestment ."Purvey Act of 1"^76 which prorMos additional author- 
ity for tlic colloc* \'n of data on iiitornutional capital flows 
iind international investment. Statist! -s on the principal 
types of data and Uie principal ccuntrioj iwe publis! "-d montli- 
ly in the "Treasury Bulletin." Reports are file-J with the Fed- 
eral Reserve banks by banks, securities brc- ^alers, 
and nonbankiniT concerns in the United State. . Jtatis- 
tics are tlien consolidated and are publ"she.i b;.- the Treasiiry 
as promptly as pv-^ssible. 

The report forms and instructions Ui-ed in the collection 
of the statistics have been revised a n>mber of times. The 
most recent General revision of tlie report forms became effec- 
tive with reports as of May ?1, IVi"!. xi,e report forms ( f oiv 
ir.erly Treasury ForeifTi Exchange Perms) were redes i-na ted ir. 
January l"""? as Treasury International Capital Forms. 1/ 

The present form of the published presentation of the 
"Capital Movements" statistics was introduced in the May 
1969 issue of the "Bulletin." The principal changes were 
the rearrangement of the tables to bring together in separate 
sections all the data relevant to the same statistical series; 
the expansion of the time series on aggregate liabilities 
and claims reported by banks to show more detailed breakdowns 
by type of holder and type of liability' and claim; and the 
presentation of statistics not previously published on the 
short-term liquid claims of large nonbonking concerns. 

Basic definitions 

The term "foreigner" as used in the Treasury reports 
covers all institutions and individuals domiciled outside 
the United States, including United States citizens domi- 
ciled abroad, and the foreign breuiches, subsidiaries and 
offices of United States banks and business concerns; the 
central governments, central bonks and other official in- 
stitutions of foreign countries, wherever located; and inter- 
national and regional organizations, wherever located. The 
term "foreigner" also includes persons in the United States 
to the extent that they are known by reporting institutions 
to be acting on behalf of foreigners. 

In general, data are reported opposite the foreign coun- 
try or geographical area in which the foreigner is domiciled, 
as shown on the records of reporting institutions. For a 
number of reasons, the geographical breakdown of the reported 
data Bay not in all cases reflect the ultimate ownership of 
the assets. Reporting institutions are not expected to go 
beyond the addresses shown on their records, and so may not 
be aware of the country of domicile of the ultimate beneficiary. 
Furthermore, U.S. liabilities arising from deposits of dollars 
with foreign banks ore reported generally in the Treasury 
statistics as liabilities to foreign banks, whereas the li- 
ability of the foreign bank receiving the deposit may be to 
foreign official institutions or residents of another country. 

Data pertaining to branches or agencies of foreign offi- 
cial institutions are reported opposite the country to which 
the official institution belongs. Data pertaining to inter- 
national and regional organizotions are reported opposite 
the appropriate international or regional classification 
except for the Bank for International Settlements and the 
European Fund, which are included in the classification "Other 
Western Europe . " 



"Short-term" refers to obligations payable on demand 
or having an original maturity of one year or less. "Long- 
term" refers to obligations having an original maturity of 
more than one year, and Includes securities having no con- 
tractual maturity. 



Report: Ml! oover3i;e 

ivoports arc required from banks, securities brokers and 
■ealors, and nonbankin.: concerns ii. the Vr.ited States, in- 
cluding the brancjies, agencies, subsidiaries, and other af- 
filiates in the United .'tates of foreifpi firms. Institutions 
which have total reportable liabilities, claims or seci-ri ties 
transa.'tions belav a specified exemption level are exempt from 
reporting. 

"aid<s file reports monthly coverin;; their short-term and 
lonr;- terra liabilities to and claims on foreigners; an exemp- 
tion of $r"'00,000, based on the average for the report dates 
diirin.- a six--ionth period, including the current report date, 
is applicable to reports in each of these catejjories. Twice 
a year they also report their short- termdollar liabilities 
to foreigners in countries not shown separately on the monthly 
report of liabilities. Banks, securities brokers and dealers, 
and in some instances, nonbanking concerns, report -i.onti-Jy 
t.'ieir transactions iii sccorities with foreigners; the appli- 
cable exei:.ption level is $500,000 on the grand total of pur- 
chases and on the grand total of sales during the month .'overod 
by the reiwrt. 

Quarterly reports are filed by exporters, importers, in- 
dustrial and commercial concerns, financial institutions other 
than banks and brokers, and other nonbankin,; firms if their 
liabilities or claims, on the six-months average basis, are 
$500,000 or more. Such firms also report the liquid portion 
of their claims for each month-end when they have reportable 
.'lains of $] million or more. 



Description of statistics 

Data collected on the Treasury International Capital 
Forms are published in the "Treasury Bulletin" in six sec- 
tions. Each section contains all the data relevant to the 
same statistical series, with tables shewing time series by 
type and country, and the detailed breakdowns of the latest 
available data. 

Section I covers the short-term and long-term liabilities 
to foreigners reported by banks in the United States. The 
data exclude the holdings of dollars of the International 
Monetary Fund derived from payments of the United States 
subscription and from the exchange transactions and other 
operations of the Fund. (Liabilities representing the "gold 
investment" of the Fund, however, axe included. ) The data 
also exclude U.S. Treasury letters of credit, and nonnego- 
tiable, noninterest-bearing special notes of the United States 
held by international and regional organizations. 

Section II presents the short-term and long-term claims 
on foreigners reported by banks in the United States, including 
claims held for their own account and for the account of 
their domestic customers. The data exclude convertible for- 
eign currencies held by U.S. monetary authorities. 

Sections III and IV show respectively the liabilities 



June 1977 



85 



.CAPITAL MOVEMENTS. 



to, and claims on, foreigners reported by exporters, impor- 
ters, industrial and commercial firms, financial institutions 
other than banks and brokers, and other nonbanking concerns 
in the United States. The data exclude the intercompany ac- 
counts of business enterprises in the United States with 
their own branches and subsidiaries abroad or with their for- 
eign parent companies. (Such transactions are reported by 
business firms to the Department of Commerce on its direct 
investment forms . ) The data also exclude claims held through 
United States banks. Separate figures are shown in Section 
IV for the short-term liquid claims of large nonbanking con- 
cerns in the United States. 

Section V contains data on transactions in all types 
of long-term domestic and foreign securities by foreigners 
reported by banks and brokers in the United States (except 
nonmarketable U.S. Treasury notes, foreign series, and non- 
marketable U.S. Treasury bonds and notes, foreign currency 
series, which are shown in "International Financial Statis- 
tics" section. Table IFS-lt). The data cover new issues of 
securities, transactions in outstanding issues, and redemp- 
tions of securities. They include transactions executed in 
the United States for the account of foreigners, and trans- 
actions executed abroad for the account of reporting insti- 
tutions and their domestic customers. The data include some 
transactions which are classified as direct investments in 
the balance of payments accounts. The data exclude securi- 
ties issued abroad by foreign subsidiaries of U.S. corpora- 



tions, some of which are treated in the balance of payments, 
as issues of U.S. corporations. 

The geographical breakdown of the data on securities 
transactions shows the country of domicile of the foreign 
buyers artd- sellers of the securities; in the case of out- 
standing issues, this may differ from the country of the 
original issuer. The gross figures contain some offsetting 
transactions between foreigners. The net figures for total 
transactions represent transactions by foreigners with United 
States residents; but the net figures for transactions of 
individual countries and areas may include some transactions 
between foreigners of different countries. Beginning with 
data for I969, transactions between foreigners in new issues 
not offered for sale to United States residents but managed 
by underwriters in the United States are excluded from the 
gross figures. 

The data published in these sections do not cover all 
types of reported capital movements between the United States 
and foreign countries. The principal exclusions are the 
intercompany capital trajisactions of business enterprises 
in the United States with their own branches and subsidiar- 
ies abroad or with their foreign parent companies, and capital 
transactions of the United States Government. Consolidated 
data on all types of capital transactions are published by 
the Department of Commerce in its regular reports on the 
United States balance of payments. 



1/ Copies of the reporting forms and instructions may be obtained from the uffice of Statistical Reports, 
Policy, Department of the Treasury, Washington, D. C. 20220 or from Federal Reserve Banis. 



'jf f ice of the Assistant .Tecretaiv for Lconomic 



86 



Treasury Bulletin 



.CAPITAL MOVEMENTS. 



Section I - Liabilities to Foreigners Reported by Banks in the United States 
Table CM-I-1. - Short-Term Liabilities by Type of Foreign Holder 



(In millionc of dolltirs) 



End of 

calendar year 
or month 



1957 

1958 

1959 

1960 

1961 S/.... 

1962 5/' 

1963 

196* 5/. . . . 

1967 5/. . . . 
1968 

196Q V 

1O70 i/ 

1971 i/.... 

1972 

1973 

197* i/.... 

1975 

1976 

1976-Apr.. 
May.. 
June. 

July. 
Aug.. 
Sept. 
Oct.. 
Nov.. 
Dec. 

1977-Jan. . 
Feb.. 
Mar.p 
Apr.p 



Total 
short - 
term 
liablll- 

tios 

U) 



14,383 

15,367 

17,261 

18,701 

20,015 
20,098 

21,958 
21,958 

22,877 

25,467 
25,518 



27,7?i 
27." 

y: .■ 

30,;.-M 
31,717 

40,040 
40,100 

41. 

41. • - 

55,404 

55, 4.1? 



94,847 
94,771 

94,338 
108,947r 



10l,835r 
10O,970r 
101,734r 
102,439r 
102,473r 
108,947r 

105,091 
104,858 
106,195 
111,075 



Forelcn countries 



(2) 



i;<,64i 

14,61' 
16. 



21,330 

23,849 
23,900 

24,072 
?6,14' 



30,234 

3f. 

...99 
,v.l 

53,632 
51,661 

..'84 

u.',119 

91,676 
91,600 

39,046 
103,497r 



OlTlciol IiiGtltutio 



1/ 



Total 
(3) 



i0j,497r 



7,917 
?,665 

, I ''4 
, 12 



13,224 
13,220 

13,066 
12,484 

: .'^~9 



Payable 
In 

dollars 

(4) 



19,333 



40,000 
43,923 

53,057 
53,079 
49,530r 

53,52Sr 

50,578r 
51,630r 

'n,056r 



49,671r 
49,071r 
49,323r 
53,528r 

54.515 



7,917 

8,665 

9,154 

10,212 

10,893 

IC.go- 



12,417 

13,224 
13,220 

13,066 

11,968 
12,022 

13,882 

--'. -76 



19,184 

1",1?5 



39,829 
43,796 

52,930 
52,952 

49,530r 
53,528r 



49,671r 
49,071r 
49,32 r 
53,'2-r 



Payable 
in 

foreiKn 
currencies 
(5) 



46 
46 

48 
48 

30 



517 
517 

152 
152 

463 

202 
202 

148 
148 

158 

165 2/ 
171 
127 8/ 

127 8/ 
127 e/ 



Banks and other foreigners 



(6) 



1^' Ir.L^ludes Bank for Interna* ■ nid. 

- ---nn U.S. Govemment obligations at cost value and funds await- 
-stment obtained from proceeds of sales of gold by the Intema- 
■ - * "ry Fund to the United States to acquire income-earning 
termination of investment, the same quantity of gold 
J by the International Monetary Fund. 
^ Prill" i: 'illy the Intema-tipnal 9ajik for Reconstruction and ;• ■ - 
and the Inter-American Development Bank, Includes differer. 
cost vail,'- 'ir. : fa-e ".-^l^-:- rr securities in IMF gold investT' • 
($14 r,r 
i/ In add; -,t Included investments In U.S. Govem- 

ment b-:.-- -.^ .. ., ., ,..^unted to $109 million at end 1960, $187 
million at end 1961, and $61 million at end 1963. 
5/ Data on the two lines shown for this date differ because of changes 



5,724 
5,950 
7,076 
7,047 

7,759 

7,?41 



6,863 

10,525 

10,680 



13," 

13,bt'u 

15,337 
15,205 

lc,916 

27,577 
27,709 

21,166 
21,207 

13,954 
14,643 6/ 

19,284 

23,196 

38,619 
38,520 

39,515r 
49,969r 

45,930r 
46,896r 
43,257r 

45,651r 
44,048r 
46,096r 
48,280r 
47,644r 

/.Q OfO.. 

45,951 

46,144 
45,867 
48,264 



payable in dollars 



BanVs 
(7) 



Other 
foreigners 

(8) 



3,413 
3,460 
4,601 
4,705 

5,299 

',780 



5,71j 

7,153 
7,213 



11,132 

11,008 

14,298 

23,412 
23,419 

16,917 
16,949 

10,054 
10,721 ^ 

14,340 

17,224 

29,676 
29,467 

28,965 

36,658r 

34,4..; 
35, r 
31,"' :■ 

34,084r 
32,190r 
33,942r 
36,126r 
34,55Qr 

32,781r 

32,279 
32,015 
34,573 



2,252 
2,430 
2,398 
2,230 
2,356 
2,357 



3,046 

3,354 
3,376 



4,128 
4,120 



3, 
4, 

4,029 
4,038 

3,692 
3,594 
4,618 
5,503 

8,304 
8,414 

10,000r 

12,592 

'. \726r 

,■ 'ilr 

. ,Dl7r 

10,901r 
ll,ia6r 
11... ■ 
11. 
12, -. 
12, ■^^'2 

12,441r 

13,056 
12,993 
12,886 



Payable 

in 

f o.'-e ign 

currencies 

(9) 



59 
59 
77 

104 
104 

95 
95 

104 

118 
90 



93 
72 

77 
77 

173 



220 
220 

228 
228 

325 

469 

639 
539 

549 

719 

763 
727 
687 

667 
661 



J10J_ 



742 

752 

1,031 

1,442 

1,517 
1,317 

2,050 
2,084 

1,547 

1,618 
1,618 

1,479 

1,381 
1,381 

1,287 
1,273 
1,483 

1,409 
1,413 

1,221 
1,221 

1,772 
1,767 

1,413 

1,955 

3,171 
3,171 

5,293 

5,450 

5,519 
5,512 
5,365 

5,671 
5,649 
5,966 

5,088r 
5,506 
5 450 

4,625 
3,918 

4,288 
5,282 



IMF 
gold 
Invest- 
ment 2/ 

(11) 



500 

691 i/ 

613 i/ 
613 4/ 

800 
800 

739 V 

800 
800 



eor.' 
600 

800 
800 



800 
800 



400 
400 



400 
400 



non- 
monetary 
interna- 
tional and 
regional 

-^ (12) 



542 
552 
531 
751 

704 

704 



818 
818 

579 

581 

581 

487 
473 

683 

509 
613 

821 
821 

1,372 
1,367 

1,413 

1,955 

3,171 
3,171 

5,293 

5,450 

5,519 
5,512 

5,365 

5,671 
5,549 
5,966 

5,088r 
5,506 



4,625 
3,918 
4,288 
5,282 



. . '-i.e first line are comparable in 

coverage to tnose shown for the preceding date; figures on the second 
line are comparable to those shown for the following date. 

6/ Data on the second line differ from those on the first line because 
certain accounts previously classified as "official institutions" are 
included with "banks" and a number of reporting banks are included in 
the series for the first time, 

2/ Second lino includes $7 million increase in dollar value of foreign 
currency obligations revalued to reflect market exchanre rates i^ of 
Dec. 31, 1971. 

2/ Includes $15 million increase in dollar value of fore' 
liabilities revalued to reflect market exchange rates. 
p Preliminary. 

r Revised. 



June I'-n 



.CAPITAL MOVEMENTS 



Section I - Liabilities to Foreigners Reported by Banks in the United States 
Table CM-I-2. - Short-Term Liabilities by Type of Liability 
Part A - Foreign Countries 



87 















! In millions of dollars' 


















rjITicial in;-.titutions 1/ 


































BaiiK and .liher foreigners 








Payable 


in dollar- 






Payable in dollars 




calendar 


foreign 


Deposits 






Payabl.:- 


Bank;; 




Othei- foreigners 






year 

or month 


coun- 
trier 

(1) 


, 


Treasury 
bills and 
certifi- 
cates 

(4) 


uther 
short- 
term 
liabili- 
ties 2/ 

(5) 


in 

foreiETi 
cur- 
rencies 

(6) 














Payable 


Demand 
(2) 


Time 
2/ 

(3) 


Deposits 


U.E, 

Treasury 
bills and 
certifi- 
cates (Q) 


3ther 
i;hort- 
term 
Liabili- 
ties 2/ 
flO) 


Deposits 


U.E. 

Treasury 
Jills and 
certifi- 
cates (13) 


jlher 
short- 
term 
liabili- 
ties 2^j^^) 


Ir. 

foreign 
cur- 
rencies 

(15) 




Dem.^jnd 
(7) 


Time 
^(8, 


Demand 
(11) 


Time 

2/ 

(12) 


1957 


I ■■,':',{ 


^,0*^9 


4,246 


612 


- 


2 7 '7 


158 


518 


1,756 


278 


209 


59 


1958 


14, ol'. 


!,511 


4,392 


762 


- 


3,017 


131 


312 


1,951 


306 


174 
270 




1959 


16, 2n 


2,834 


5,738 


582 


- 


3,369 


492 


740 


1,833 


295 




1960 


17,260 


3,038 


6,193 


982 


- 


4,210 


76 


419 


1,849 


148 


233 


113 


1961 i/ 


/18,69Q 


3,389 


6,412 


1,092 


46 


4,854 


43 


402 


l,'/76 




230 
230 


104 
104 




1S,7H1 


3,389 


6,412 


1,092 


46 


4,917 


43 


420 


1,977 


149 


1962 i/ 


U9;874 


3,261 

3;234 


7,759 
7;759 


928 




4,678 
4; 678 


83 

83 


490 
490 


2,096 
2;096 


116 
116 


352 
352 


95 
95 


1963 


21,330 


1,402 


?,451 


7,548 


l,C-:c 


.SO 


4,102 


838 


68 


704 . 


1,493 


966 


119 


469 


104 


1964 i/ 


123,849 


1,591 


2,820 


7,554 


1,259 


- 


5,0(X 


967 


142 


1,039 


1,523 


1,257 










\23,900 


1,591 


2,816 


7,554 


1,259 


- 


5,027 


967 


142 


1,077 


1,531 


1,271 


72 


503 


90 


1965 


24,072 


1,535 


2,862 


7,186 


1,483 


- 


4,941 


900 


113 


1.40t 


1,574 


1,594 


87 


332 


59 


196b i/ 


126,343 
\26,219 


1,679 
1,679 


2,612 
2; 668 


6,316 
6; 316 


1,361 
1,360 


517 
517 


6,795 
6,036 


1,249 

i;243 


\V, 


i,.;4.-' 
i;s4s 


1,513 
i;513 


1,819 

i;8i9 


% 


]^ 


^i 


1967 i/ 


/29,370 


2,054 


2,462 


7,985 


1,380 


152 


7,933 


1,142 


129 


1 , 927 


1,693 


2,052 


81 


302 


77 




\29,232 


2,054 


2,458 


7,985 


1,378 


152 


7,763 


1,142 


129 


1,073 


1,693 


2,054 


81 


292 


77 


1968 


30,234 


2,149 


1,899 


5,486 


1,321 


463 


10,374 


1,273 


fO 


2,c21 


1,797 


2,1-19 


81. 


362 


173 


1969 i/ 


bs,k-)i 


1,918 


2,951 


3,844 


2,139 


202 


16,745 


1,988 


20 


4,658 


1,709 


1,811 


107 


312 


225 




bg,786 


1,930 


2,942 


3,844 


2,158 


202 


16,756 


1,999 


20 


4,644 


1,711 


1,935 


107 


312 


226 


1970 i/ 


^0,^99 


1,652 


2,554 


13,367 


1,612 


148 


12,376 


1,326 


14 


S,202 


1,688 


1,886 


131 


^25 


m 




/0^541 


1,652 


2,554 


13,367 


1,612 


148 


12,385 


1,354 


14 


3,197 


i;688 


1,895 


131 


325 


1971 i/ iJ. . 


/53,632 


1,620 


2,504 


32,311 


3,086 


158 


7,047 


850 


8 


2,130 


1,660 


1,663 


96 


274 


228 


\53,661 


1,3274/ 


2,039^ 


732,311 


3,177 


165 V 


3,399i/ 


320^ 




6,995 V 


1,660 


1,666 


96 


271 


228 


1972 


59,284 


1,591 


2,880 


31,453 


3,905 


171 


4,658 


405 


c, 


9,272 


1,955 


2 , 1 16 


OS 


481 


325 


1973 


67,119 


2,125 


3,911 


31,511 


6,248 


127 6/ 

127 


6,941 


529 




9,743 
19,254 


2,143 
2,729 


2,359 
3,796 




933 
1,502 


469 


1974 i/ 


91,676 


2,951 


4,257 
4; 167 


34,656 


11,066 


8.248 


1,942 


232 


277 




(91,600 


2,951 


34,656 


11,178 


127 


8,231 


1,910 


232 


19,094 


2,729 


3,744 


277 


1,664 


039 


1975 


"9.046 • 


2,644 


3,423 


34,199r 


1 9,264 


- 


7,534 


l,856r 


J35 


19j241r 


3,248 


4,823 


325r 


1,604 


549 


1976 


L03,4<i7r 


3 , 394 


2.28ur 


37,725r 


I0,120r 


- 


•■'.104 


2 , 279r 


llor 


25,156r 


4,015 


6,524 


198 


1,854 


719 


1^76-Apr 


96,507 


2,782 


2,330 


j6,200r 


9,266 


_ 


7, 883 


2,06Sr 


134 


24,356r 


3,439 


5,392 


344r 


1,551 


763 


May 


98,526r 


2,799 


2,400 


36,863r 


9,568 


- 


7.737 


l,931r 


151 


25,819r 


3,219 


5,419 


355r 


1,538 


727 


June,, . 


93,313r 


2,632 


2,395 


35,536r 


9,493 


- 


8,0QQ 


1.755r 


154 


21,945r 


3,146 


5,527 


318r , 


1,526 


587 


July... 


96,164r 


2,932 


2,251 


36,033r 


9,297 


- 


7,'J87 


l,920r 


155 


24,022r 


3,307 


5,527 


3l6r 


1,751 


667 


Aug 


95,321r 


2,380 


2,207 


37,001r 


9,685 


- 


7,929 


l,874r 


162 


22,225r 


3,505 


5,618 


326r 


1,747 


661 


Sept.., 


95,768r 


2,544 


2,144 


35,670r 


9,314 


- 


8,233 


2 , 206r 


176 


23,326r 


3,686 


5,771 


242r 


1,759 


697 


Oct 


97,351r 


2,706 


2,124r 


35,298r 


8,943 


- 


",-•(1 


l,838r 


17 3r 


25,753r 


l,3i5 


5,965 


2b7r 


1,824 


762 


Nov 


96,967r 


2,685 


2,132r 


:f4,706r 


9,799r 


- 


8,897 


l,663r 


124r 


2 3,a72r 


3,943 


6,461 


209 


1,700 


776 


Dee 


^03,497r 


3,394 


2,289r 


J7,725r 


10,120r 


- 


9,104 


2,279r 


119r 


25,156r 


4,015 


6,524 


198 


1,854 


719 


1977-Jan 


[l 00, 466 


2,931 


2,456 


38,081 


■1,047 


_ 


8,475 


2,074 


122 


22,116 


1,741 


6,636 


183 


1,876 


728 


Feb 


100,940 


2,404 


2,376 


39,559 


0,456 


_ 


9,387 


1,779 


102 


21,011 


4,091 


6,813 


229 


1,924 


809 


Mar, p.. 


101,907 


2,62Q 


2,269 


40,454 


.0,689 


_ 


8,400 


1,739 


108 


21,770 


3,866 


6,983 


248 


1,896 


858 


Apr. p.. 


105,79' 


2,757 


2,.<80 


41,508 


.0,884 




8,711 


1,025 


104 


24,1:2 


3,818 


7,060 


109 


1,809 


805 



1/ Includes Bank for International Settlements and European Fund. 

2/ Time deposits exclude negotiable time certificates of deposit, which 
are included in "Other short-term liabilities," 

^ Data on the two lines shown for this date differ because of changes 
in reporting coverage. Figures on the first line are comparable in 
coverage to those shown for the preceding date; figures on the second 
line are comparable to those shown for the following date. 

Jj/ Data on the second line differ from those on the first line because 
those liabilities of U.S. banks to their foreign branches and those 
liabilities of U.S. agencies and branches of foreign banks to their 
head offices and foreign branche.'^ which were previously reported as 



deposits are included in "Other short- terra liabilities"; certain 
accounts previously classified as "official institutions" are in- 
cluded with " banks"; and a number or reporting banks are included in 
the series for the first tine. 

^ Second line includes $7 million increase in dollar value of foreign 
currency obligations revalued to reflect market exchange rates as of 
December 31, 1971. 

6/ Includes $15 million increase in dollar value of foreign currency 
liabilities revalued to refl ^ct market exchange rates. 

p Preliminary. ~r Revised. 



88 



Treasury Bulletin 



.CAPITAL MOVEMENTS. 



Section I - Liabilities to Foreigners Reported by Banks in the United States 
Table CM-I-2. - Short-Term Liabilities by Type of Liability-Continued 
Part B - International and Regional Organizations 

( Ln millions of dollarc) 



End of 

calendar year 
or tiunth 



Total 

International 
and regional 



1957 

1958 

1959 

1960 

1961 

1962 i/. . . 

1963 

1964 

1965 

1966 

1967 5/. . . 

1968 

1969 i/... 
1970 

1971 

1972 

1973 

197<1 

1975 

1976 

1976-Apr... 
May... 

June. . 

July.. 
Aug... 
Sept.. 
Oct... 
Nov... 
Deo. 

1977 J an. . 
Feb... 
ftor.p. 
Apr. p. 



,031 

,442 

,317 

,J» 
,034 

547 

618 

479 

381 

287 
,273 

483 

413 

221 

,772 
767 

413 

,955 



3,171 

5,293 

5,450 
5,519 
5,5la 
5,365 

5,671 

5,649 

5,966 

5, 0881- 

5,506 

5,450 

4,625 
3,918 
4,288 
5;282 



IMF gold 
investment: 
U.S. TreaGury 
bills and 
certificates 1/ 

(2) 



200 

200 

500 

691 i/ 

613 i/ 

800 
800 

739 i/ 

800 
800 



300 

300 

400 

400 
400 



Nonmonetary International and regional ori^anir.at ions £, 



Deposits 



Tim! X' 
(4) 



50 
209 

76 

219 

354 

540 
568 



70 

66 

42 

56 

67 
67 

68 

62 

69 

73 

73 

86 

101 

139 

139 

?oij 

UC 

91 

258 

483 
379 

331 
256 

287 

pu" 

166 
216 
203 
125 



384 

207 

200 

139 

124 
120 

113 

83 

159 

192 
192 

202 

83 

111 

148 

205r 

193 

185 

160 

192 
148 
151 

164 

196r 

205r 

230 
237 
236 

196 



U.S. Treasury 
bills and 
certificates 

(5) 



4X) 
343 
449 
532 
294 

572 

572 



170 
212 
178 
178 
394 
244 
211 

211 

211 

326 
296 



497 

2,554 



2,'r7b 

2,236 

3,129 
3,475 
4,031 
3,196 

;-,604 

2, -a 

2 , 890 
2,779 
2,743 
2,S49 



Other 

short-term 

liabilities 

(6) 



138 
U5 

138 

314 

266 

173 

118 
107 

108 

224 

381 

896 
992 

800 

1,474 



2,451 
2,254r6/ 

2,447r^ 
2,351 6/ 
2,711 6/ 

1,868 6/ 
1,647 6/ 
1,453 6/ 
l,472r|/ 
l,419r6/ 
2,254r6/ 
1,339 6/ 
6866/ 
1,1066/ 
2,1" 6/ 



^ . Govemmen* i.ue, and deposits 

,_ 'vnent (less ;..^. * , ... ^^^ .;ates shovm), obtained 

from proceeds of sales of gold by the International Monetary Fund 
to the United States to acquire income-pnming assets. Upon termin- 
tion of investment, the same quantity " ' ' luired by the 
International Monetary Fund. 
2/ Pr!n"'.r5lly *hc Tr.terr.itlrns-. Bank for md Development 

■nt Bank; ex-lu^ej Bank for Interna- 
Fund. Includes differences between 

-- ■- -- -ocuritles in V-f^ .-r.n 'nvo-it-.f^i- 

$li, miiiicm at end 1971). 
_ 2lta exclude negotiable time cert:: ?h 

W-- i:.^Luded in "Other short-term liabilitieii. '^ 



•5/ 



6/ 



eri.,.i._.,L 
$187 ml; 
Data on ■ 
in repcr- 
coveragf 
line are 
Includes liab; 
(in millions ' 

1976-Apr 5 

May 5 

June 5 

July 6 

Aug 8 

Sept 4 

Oct 4 

Nov 4 

Dec 5 

1977 -J an 4 

Feb 6 

Mar 3 

Apr 3 

p Prellmir.or". 
• Less th'i : 
r Revised, 



investment included investments in U.S. Gov- 

„, •^■■- "d to $109 million at end 1960, 

"- ion at end 1963. 
ii*e differ because of changes 
e are comparable in 
: Igures on the second 
::u- iste. 



June \'P7 



.CAPITAL MOVEMENTS. 



89 



Section I 



Country 



Europe : 

Austria 

Belj^iiim-Liixembourg. . . 

Denmark 

Finland 

France 

Germany 

Greece 

Italy 

Netherlands 

Norway 

Portugal 

Spain 

Sweden 

Swi tzerland 

Turkey 

United Kingdom 

Yiigoslavia 

Other Western Europe. 

Poland 

U.S.S.R 

Other Eastern Europe. 

Total Europe 

Canada 



Latin America 
Argentina. . 
Bahamas. . . . 

Brazil 

Chile 

Colombia, . . 

Cuba 

Ecuador. . . . 
I.'exico 



Manama 

Peru 

Trinidad and Tobago 

I'ruguay 

Venezuela 

Other Latin American Republics. 

Bermuda 

British West Indies 

Netherlands Antilles 2/ 

Other Latin America 

Total Latin America 



Asia : 

China, People's Republic of 

(China Mainland) 

China, Republic of (Taiwan) 

Hong Kong 

India 

Indonesia 

Israel 

Japan 

Korea 

Lebanon 

Malaysia 

Pakistan 

Philippines 

Singapore 

Syria 

Thailand 

Middle-East oil-exporting countries^ 
Other Asia 



Liabilities to Foreigners Reported by Banks in the United States 
Table CM-I-3. - Short-Term Liabilities by Country 

(f'ositiun at end c.i" ;>eriod in millions of dollars) 



Calendar vear 



Total Asia. 



Africa : 

Egypt 

Ghana 

Liberia 

Morocco 

South Africa 

Zaire 

Oil-exporting countries^. 
Other Africa 



Total Africa. . 

Other countries : 

Australia 

All other 



Total other countries,... 
Total foreign countries.... 

International and regional : 

Internat ional 

European regional 

Latin American regional . . 

As ian regional 

African regional 



Total international and regional., 
nrand total 



2,61T 

•' 2 '•% 

1,040 

■10 

1,1 -e 

1''2 
1 ,Vf-t 

If 3 



SS6 

i,.a8 

1,0-^ 

276 

105 

7 

122 

1,770 

i,£e 

272 

107 
1^7 

1,087 
lib 

;'79 

158 

2A 

12,038 



818 

530 

261 

1,221 

10,807 
38A 
126 



4,633 
281 



103 

18 

^9 

38 

130 

84 

,814 

326 



3,5''l 


2 


742 
8Q 


2 


831 


Ql 


676 



, QOO 
25 



2 Do 
A, 287 
o,42Q 

248 

2,577 

--,234 

1,040 

'10 

1,13? 
111,1 c, 

152 

7,584 

183 



151 



886 

1,054 

1,0 34 

276 

305 

7 

122 

1,770 

510 

272 

107 

165 

',413 

1,087 

116 

158 



11,754 



818 
530 
261 

1,221 

10,031 
384 
126 



4,623 

313 



103 
18 
39 
38 

130 



' 


814 
326 


3 


551 


2 


742 
89 


2.C31 


a,..L.3 



2,Q00 
25 

202 



3,171 
=■4,771 



3 32 

/Ql 

7,733 

4, ''57 

1,072 

:>,4ii 

996 

195 

42c. 
2 , 28Ci 
8,514 

118 
6,886 

12b 

2 ^-''V' 

66 

40 

134 



1,147 

1,827 

1,227 

:;17 

417 

6 

120 

2,066 

l,0C'O 

244 

I'l 

172 

■: , 28Q 

1,245 

170 

1,311 

12Q 



123 

1,025 

623 

126 

36Q 
3Sb 
10,218 
390 
117 



252 

6,461 

317 



53 
08 

16Q 

63 

2,23° 

416 



2,014 
114 



,064 

7 

187 



94,338 



348 

2,2b8 

.''6 3 

41a 

4,87'^ 

5,965 

403 

',206 

3,007 

785 

239 

565 

1,693 

°,453 

16d 

9,999r 

188 
2,672 

:1 

178 



2,789 
1,432 

335 

1,017 

6 

319 
2,848 
1,140 

257 

167 

245 
3,060 
1,576 

177 
1,874 

140 
QQ 

1°,010 



985 
892 
648 
340 
385 
14,380 
437 
140 
396 
189 
627 
2c0 
35 
275 
8,073 
3 ''2 

28,4ol 

333 

"21 
77 
88 

143 
■15 
l.llor 

431r 



2 


300 


1 


oil 
108 


2 


OIQ 


103 


■4977 



5,0°! 

22 
136 
175 

26 

5,450 



1/ Data in the Vila columns for this date differ because of changes 

in reporting coverage. Figures in the first column are comparable 
in coverage to those shown for the preceding date; figures In the 
second column are comparable to those shown for the following date. 

2/ Through December 31, 1975, Surinam included with Netherlands Antilles. 



197 



332 

2,085 

416 

378 

4,642 

5,418 

378 

2,884 

2,694 

740 

206 

478 

1,420 

8,846 

88 

8,399r 

U7 

2,639 

n.a. 





203 


42 


.47Sr 


■■: 044 





1,2' '3 
2,654 
1,168 

315 

922 
6 

270 
2,860 
1,188 

243 
25 

238 
3,009 
1,445 

152 
1,472 

157 

26b 

17,b84 



5Q 
1,092 
859 
910 
314 
325 
14,736 

324 

113 

n.a, 

n.a. 

606 

324 

14 

244 

8,124 



171 

19 

n.a. 

72 

132 

64 

1,321 

^=■02 



2 


,281 




1 


112 


1 


598 


96 


967r 



!,10a 

28 

160 

184 

23 



5,506 



102,473r 



348 
2,268 

363 

419 
4,875 
5,955 

403 
3,206 
3,007 

785 

239 

565 
1,603 
9,453 

166 
9,999r 

188 

2,672 

77 

51 

17.3 



>23r 



1,533 
2,789 
1,432 

335 

1,017 

5 

319 
2,848 
1,140 

257 

167 

245 
3,060 
1,576 

177 
1,874 

140 
90 

10.010 



47 
985 
892 
648 
340 
385 
14,380 
437 
140 
396 
189 
627 
280 
35 
275 
8,073 
332 

28,461 

333 
27 
77 
88 

143 
'<5 

l.llor 
431r 



2 , 300 



l.oll 

108 



,0Q1 

22 

136 

175 

26 



5,450 



108,947r 



373 

2,376 

419 

389 

4,701 

5,304 

421 

2,858 

2,832 

566 

172 

492 

1,613 

9,571 

85 

8,996 

113 

2,253 

76 

06 

43,76? 

4.510 



1 , 648 
1,979 
1,292 

325 

1,090 

6 

332 
2,710 

909 

244 
70 

250 
2,986 
1,631 

207 
1,812 

151 

204 
17,847 



47 

1,058 

941 

510 

595 

430 

14,481 

448 

123 

405 

99 

502 

245 

18 

301 

9,020 

'355 



200 
18 
80 
97 

211 
48 

1 ,03'-' 
'511 



2 


,207 


2,224 
116 


2 


3 -.n 


IOC 


466 



4,27^ 

13 

160 

146 

31 



4,625 

105, "on 



Feb . 



401 

2,411 

419 

367 

4,590 

5,425 

346 

2,703 

2,817 

793 

228 

546 

1,593 

9,519 

82 

8,711 

121 

2,135 

72 

45 

90 

43,584 

4,315 



1,820 
2,439 
1,272 

302 

1,152 

6 

331 
2,782 
1,002 

228 
46 

239 
2,909 
1,84s 

206 
1,654 

157 

135 

18,520 



47 

1,158 

1,039 

559 

546 

547 

13,358 

483 

138 

421 

184 

554 

257 

17 

313 

0,276 

361 

20,25" 

244 

35 

89 

105 

155 

41 

1.132 



2,406 



2,231 
118 

2,348 

100,040 

3,599 

13 

132 

133 

«_ 

3,91.3 

104,858 



499 

2,566 

559 

312 

4,827 

4,575 



302 
2,361 
3,181 

745 

209 

560 

1,717 

8,927 

88 

10,334 

95 

2,144 

^0 
94 

44,342 



1,889 
2,200 
1,108 

403 

1,201 

6 

349 
2,745 

1,001 
245 
165 
241 

2.927 

1,913 

205 

2,252 

162 

108 

V . 123 



52 
1,056 

1,018 
538 
480 
509 

13,271 
382 
127 
485 
120 
652 
236 
14 
312 
9,987 
362 



2Q , d04 



250 
59 

76 

94 

135 

39 

96.5 
657 



2 


285 


2 


101 

130 


2 


231 


101 


.007 



3,9o5 

27 

,136 

124 

35 



■154,19^ 



Apr. p 



509 

2,507 

309 

306 

4,748 

4,490 

350 

2,625 

2,924 

906 

184 

501 

2,047 

8,813 

81 

10,695 

111 

2,133 

54 



45,038 



4,823 



1,845 
4,005 
1,225 

329 

1,253 

7 

311 
2.699 
1,008 

255 
85 

263 
2,440 
1,901 

199 
2,315 

173 

2U 



20,^28 



67 
1,123 
993 
648 
888 
436 

13,071 
430 
133 
510 
135 
624 
300 
42 
308 

10,398 
354 



30,471 

242 
37 
95 
91 

176 

28 

1.149 

754 



2,572 



2,223 

138 



2,361 



99 
135 

38 



2/ Includes Bahrian, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and 

the United Arab Emirates (Truclal States). 
y Includes Algeria, Gabon, Libya, and Nigeria. 

Less than $500,000. 
,a. Not available. p Preliminary. 



Revised. 



90 



.CAPITAL MOVEMENTS. 



Treasury Bulletin 



Section I - Liabilities to Foreigners Reported by Banks in the United States 
Table CM-I-4. - Short-Term Liabilities, by Type and Country, as of April 30, 1977 

Preliminary 







(PC 


nitinn !ii mil 1 ion;; uf du 


liu-.n) 














Total 
short- 
term 
llabilltl 

I'' 


.:hort-ternl liabilities payable In iollarG 






To foreign banJcc and 


official Inetltutiona 


To all other 


foreigners 




Short-term 

llabUities 

payable 

in 

foreign 

currencies 

''.10,1 


Country 




.1-31/ 


U.S. 

Treasury 
bills and 
certif- 
icates (4) 


Other 1/ 

(5) 


Total 


Deposits 1/ 


U.S. 

Treasury 
bills and 
certif- 
icates (8) 


Other 1/ 

(9) 


Europe: 


2,607 

,-■00 

■06 

4,748 

4 , 490 

^50 

2,625 

2,924 

n06 

l.^Ji 

^jf'l 

2,047 

8,813 

SI 

10,695 

111 

2,1^3 

64 

41 

95 


4<'l 

2,»C7 

772 

295 

4,562 

4,242 

290 

2,492 

2,822 

852 

132 

325 

2,019 

7,845 

74 

9,858 

106 

2,093 

53 

40 

87 


73 

316 

93 

95 

557 

849 

139 

482 

351 

239 

85 

212 

229 

1,307 

71 

933 

93 

545 

40 

■7 

82 


202 

1,476 

670 

3,256 
3,127 

70 • 
1,166 
1,839 
581 

18 

1,498 
2,121 

3,214 
1 

186 
1 


216 
614 

fi 

f; 

tV,4 

633 

33 

29 

113 

292 

4,417 

3 

5,711 

12 

1,362 

13 

3 

5 


1,, 

105 

31 

10 

139 

.^08 

58 

121 

98 

53 

52 

169 

24 

914 

7 

74H 

5 

40 

2 

1 

7 


1.. 
74 
29 
10 

129 

140 
58 

115 
64 
49 
34 

156 
20 

620 

270 

4 

30 

2 

.■. 


* 
14 

* 

5 
4 

1 

19 

2 

31 
16 

_ 


1 

17 

2 

• 

5 

64 

* 
6 
15 
2 

Iff 

263 

1 

10 








Denmark 

Finland 


o 




48 




40 




2 


Italy 


12 




3 




1 




* 




7 




3 




54 




- 




89 




- 




*• 


Poland 




U.S.S.R 

Other Eastern Europe 






45,038 


41,858 


6,827 


19,425 


15,606 


2,808 


1,829 


92 


887 


T 








4,823 


3,944 


361 


956 


2,627 


711 


523 


57 


131 










1,845 
4,006 
1,225 

329 

1,2'^3 

7 

311 
;.',699 
],008 

255 
85 

263 
2,440 
1,901 

199 
2,316 

173 

214 
20,528 


891 

3,798 

1,001 

136 

912 

1 

202 

545 

373 

119 

70 

73 

1,259 

999 

45 

2,193 

53 

130 

12,800 


235 
201 
507 
105 
166 
1 
116 
313 

54 

108 

5 

64 
327 
443 

28 
417 

25 

41 

3,155 


221 

7 

5 

19 

336 

3 

1 

20 

307 

179 

3 

3 

1 
1 

1,105 


435 

3,590 

489 

12 

411 

* 

84 

232 

318 

11 

45 

9 

626 

377 

U 

1,774 

27 

88 


02g 

109 

2,149 

632 

134 

15 

190 

1,170 

900 

154 

84 
119 

28 


ojl 

r." 

. ]'■• 

1 •■••: 
315 

1L7 

2,011 
34" 

13.; 

15 

147 

1,162 

842 

132 

81 

93 

27 


6 
16 

1 
10 

8 


7 

15 

5 

5 

2 
133 
272 

43 

8 

58 

12 

4 

1° 

2 


26 




57 


Brazil 


• 


Chile 


»• 




21 




- 




* 




5 




4 


Trinidad and Tobago 


2 

1 




« 




10 


Other Latin American Republics..,. 
Bermuda 


2 




38 


Netherlando Antilles 


1 


Other Latin America 


55 




8,541 


7,506 


6,875 


43 


588 


221 






Asia: 

China, People's Republic of 
(China Mainland) 


1,12: 

QQ-. 

648 
888 
4 '6 

i:-,'j7i 
1 ■ 

510 
135 
624 
300 
42 
308 
10,763 

30,471 


oO 

958 

516 

613 

872 

394 

,. .?28 

.14 

97 

505 

126 

498 

279 

38 

274 

10,383 

28,853 


412 

129 

99 

101 

228 

588 

219 

78 

37 

34 

243 

60 

37 

77 

1,523 


.•14 

10,0 .v. 

415 
6 

1 

162 


.3,:' 11 

IQ 

53 

85 

254 

219 

35 


165 

476 

27 

16 

42 

224 

16 

35 

5 

9 

127 

21 

4 

33 

l,'if-'5 


8 

161 

465 

19 

16 

40 

132 

12 

34 

5 

6 

114 

21 

4 

33 

334 

1,403 


1 
* 

1 2/ 
6 


8 
8 

1 
92 

4 
* 

1 
13 

43 
175 


. 


China, Republic of (Taiwan) 


* 
1 




9 


Indonesia 


- 


Israel 


- 


Japan 


19 


Korea 


» 


Lebanon 


2 


Malaysia 


1 


Pakistan 


« 




« 


Singapore 


« 


Syria 


- 


Thailand 


* 


Other As i a 


5,342 2/ 3,517 


? 




3,909 


17,201 


7,743 


,-. 






Africa: 


242 
37 
95 
91 

176 

1,9?! 

.•',') 72 


I" 

87 

146 

1,8!? 

2, -46 


159 
25 

Q 

86 
78 

20 
688 

1 , 065 


2 

58 

1,001 2. 
1,062 


72 
1 
8 
1 

10 

/ 12^ 
21Q 


8 
78 


8 
55 


-2.' 


1 
23 

2 

26 






_ 


Liberia 


, 




. 




4 


Zaire 




■ !ca 




J'' 


- 


- 


O'f-.'T '■■-/lUi tries: 


2,223 

138 


2,179 
121 


115 

42 

157 


1,842 
22 

1,864 


222 
57 

27Q 


40 
15 

55 


38 
14 

52 


• 


2 








All other 


2 




2,361 


• 


2 


7 








105,793 


''■2,1lU 


15,474 


4l,Dl2 


.■5,01d 


12,886 


10,878 


iw 


1,809 


605 




Tnterr.atIonal and regional: 


5,001 

S 

99 

135 

38 

5,282 


4,998 

8 

95 

135 

3P 


262 

47 

1 


2,796 

6 

10 

i1 


1,940 

5 

42 

122 


1 


1 


- 


- 


_ 




- 




3 




- 


African regional 


- 


Total International and regional.. 


5,274 


317 


2,ei.Q 


2,108 


4 


'• 


- 


- 






111,075 


07, 376 


15,790 


44,460 


:i7,125 


12,800 


10,882 


199 


i.eca 









i/ Deposits exclude negotiable time certificates of deposit, 
2/ U.S. Trcurnir',' bills and certificates held In custody for 

milllo: . 
• Less t; 



which are Included In "Other" short-term liabilities, 
the account of oil -exporting countries In "Other Asia" and 



'Other Africa" amounted to $6,003 



June 79 "^7 



91 



.CAPITAL MOVEMENTS. 



Section I - Liabilities to Foreigners Reported by Banks in the United States 
Table CM-I-5. - Short-Term Liabilities, Countries and Areas Not Regularly Reported Separately 



(Position at end of period in millions of dollars) 



Country 



Other Western Europe : 

Cyprus 

Iceland 

Ireland 

Ntelta 

Monaco 

Other Eastern Europe : 

Bulgaria 

Czechoslovalcia 

Estonia 

German Democratic Republic 

Hungary 

Romania 

Other Latin Ajnerioan Republics : 

Bolivia 

Costa Rica 

Domini can Republi c 

El Salvador 

Guatemala 

Guyana 

Haiti 

Honduras 

Jamaica 

Nicaragua 

Paraguay 

Surinam 1/ 

Other Latin America : 
Belize 

French West Indies and French Guiana 

Other Asia : 

Afghanistan 

Bangladesh 

Burma 

Cambodia 

Jordan 

Laos 

Nepal 

Sri Lanka 

Vietnam (formerly Viet-Nam i North Vlet-Nam) 
Yemen ( Aden ) 

Other Africa : 

Ethiopia (including Eritrea) 

F. T.A.I. (French Somaliland) 

Ivory Coas t 

Kenya 

Mozambique 

Southern Rhodesia 

Sudan 

Tanzania 

Tunisia 

Uganda 

Zambi a 

Other Countries : 

New Zealand 

U.S. Trust Territory of the Pacific Islands.. 



'^rilendar year 



lU 
76 



^3 
bl 
1/ 

4 



11 
131 



11 

10 



62 
4 



16 
18 

2 

7 
12 
17 

68 

86 
118 

90 

156 

6 

21 

56 

3a 

99 

29 
1/ 



12 

2 

6 

3 

16 

13 



79 
1 

10 

23 
S 
2 
3 

12 
7 
6 

22 



1074 



21 

29 

10 

4 

36 
34 



14 
25 

96 

118 
128 
129 

21'1 

22 

35 

38 

69 
127 

46 
1/ 



18 
21 

65 
4 

22 
3 

25 

14 

12i. 

1 



95 

3 

7 

31 

22 

2 

4 
11 

19 
13 
22 



17 
20 
29 
3 
31 

13 
11 

1-) 
11 

u 

93 
120 
214 
144 
255 

22 

34 

92 

62 
125 

38 
1/ 



V> 
50 
49 

4 
30 

5 
22 
13 
70 

4 



76 

4 
11 
12 
14 

3 
14 
21 
23 
38 
18 

36 

11 



75 
6 



19 
32 
2 
17 
13 
44 

110 
124 
15a 
171 
260 

45 

38 

99 

41 
133 

43 
1/ 



41 
54 
31 

4 
39 

2 
28 
13 
6? 

2 

60 
2 
62 
la 
10 
1 
12 
30 
29 
22 
78 



11 



43 
39 
7 
5 



13 
10 



104 

69 

U9 

128 

177 

36 

33 

59 

49 

89 

43 

12 

4 

5 

54 
41 
34 

3 
20 

2 
34 

9 
33 

2 



70 
6 
76 
37 
15 
1 
17 
18 
33 
50 
14 



7 
7 

34 
21 

n.a. 

n.a. 
19 
1° 

133 
Ul 

275 
178 
397 

33 

47 
137 

35 
119 

49 



13 
10 

57 

n.a. 

13 

n.a. 

37 

1 

33 

23 

55 

5 



41 

n.a. 

10 

46 

22 

1 

22 

n.a. 

20 

43 



45 
1^ 



Note: Data represent a partial breakdown of the amounts shown for the 
corresponding dates for the "Other" geographical categories in the 
regular monthly series in the Treasury Bulletin. 



1/ Surinam included with Netherlands Antilles through December 1975. 
n.a. Not available. 
• Less than $500,000. 



92 



Treasury Bulletin 



.CAPITAL MOVEMENTS. 



Section 1 - Liabilities to Foreigners Reported by Banks in the United States 
Table CM-1-6. - Long-Term Liabilities by Type 







(In millions of dollars) 












Total 

long-term 

llabaitiOE 

;i) 




Payable in dollars- 






End of 
calendar year 




Foreign countries 




International 
and regional 


Payable in 


or month 


~ . , ,/ 


Official 
institution-s 


Sank.-- 

'4; 


Other 
foreigners 

!5) 


foreign 
currenc ies 


1957 


10 

2 

1 

7 

2 

7 

69 

31C 

513 

1,494 

/ 2,546 

\ 2,560 

3,166 
2,490 
1,703 

902 

r 1,000 

\ 1,018 

1,462 

1,285 
1,81.2 
2,40.Sr 

2,099r 
2,099r 
2,225r 

2,278r 
2,250r 

-■,?19r 
2,32?r 
2,324r 
2,408r 

2 , ^^"'0 


2 

1 

7 

2 

7 

28 

204 

203 

988 

1,858 
1,863 

2,389 

1,600 

913 

437 

417 
417 
700 
464 
1,395 
2,120r 

l,'K"!f>r 

1,'-V.i.i 
2,0! -r 

2,0:'.>r 
l,99»i- 
l,995r 
l,971r 
l,987r 
2,120r 

2,066 
1,992 
1,986 
2,143 


n.Q, 
n.a. 
n.a. 
n.a. 
n.;i. 
n.ri. 
n.a. 
n.a. 
n.a. 
913 

1,807 
1,807 

2,341 

1,505 

695 

144 

93 

93 

310 

124 

931 

1,352 

1,357 
1,404 
1,465 

1,454 
l,400r 
l,384r 
l,312r 

l,311r 
1,3'52 

1,2 -.2 
1 , 102 
1,1'-? 
1,313 


n.a. 


n.a. 
n.a. 
n.a. 

n.a. 
n.a. 
n.a. 
n.a. 
n.a, 
n.a. 
50 

35 
40 

40 
40 
53 

56 

ICC 

7 'J 

IOC- 

204r 

120r 
135r 
14ir 

147r 

152r 
168r 
178r 
173r 
204r 

224 
230 
242 
267 


''v2 
ir,> 
31 : 

(,p > 

5f-2 
580 
761 
822 
415 
264r 

197 

137r 

191r 

237r 
251r 
219r 
338r 
313r 
264r 

263 
248 
262 
250 


n.a. 


1958 


n.a 
n.a 
n.a 
n.a 
n.a 
n.a 
n.a 
n.a 




n.a. 


1959 


n.a. 


I960 


n.a. 


1961 


n.a. 


1962 


n.a. 


1963 


n.a. 


1%4 


n.a. 


1965 


n.a. 


1966 


25 

15 
15 

8 

55 

165 

237 

'238 
238 
291 

261 
364 
563r 

423 
421r 
42 4r 

440r 
442r 
443r 
481r 

502 r 
?63r 


- 


1%7 2/ 


- 


1968 




1969 


1 


1970 


1 


1971 


20 


t972 2/ 


21 
21 


1973 


19f?4 


- 


1975 


2 




24 




2 
2 




1 


Aug 

Oct 


1 

5 

5 

20 




24 


Dec 


24 


1977-Jan 

Feb 


580 
570 
581 
563 


24 
57 
67 
68 



1/ Dollar-foreign currency breakdown not available prior to 1%6; amounts 
reported for earlier dates a.^isuined to have been payable in dollars, 

2/ Data on the two lines shown for this date differ because of changes 
in reporting coverage. Figures on the first line are comparable in 



coverage to those sho?ni for the preceding date; figures on the second 
line are comparable to those shown for the following date, 
n.a. Not available, 
p Prelindnary. r Revised. 



Jituc 19'^7 



.CAPITAL MOVEMENTS. 



Section I - Liabilities to Foreigners Reported by Banks in the United States 
Table CM-I-7. - Long-Term Liabilities by Country 



93 



Europe : 

Austria 

Eelgiiim-L'jxembourg, , . 

Denmark 

Finland 

France 

Germany 

Greece 

Italy 

Netherlands 

Norway 

Portugal 

Spain 

Sweden 

Switzerland 

Turkey 

Uni ted Kingdom 

Yugoslavia 

Other V/estern Eoi'ope. 

Poland 

U.S.S.R 

Other Eastern Europe. 

Total Europe 

Canada 



Latin America : 

Art^entina 

Bahamas 

Brazil 

Chile 

Colombia 

Cuba 

Ecuador 

Mexico 

Panama 

Peru 

Trinidad and Tobago 

Uruguay 

Venezuela 

Other Latin American Republics. 

Bermuda_l/ 

British West Indies 

Netherlands Antilles 2/ 

Other Latin America 



Total Latin America. 



China, People's Republic of 

(China Mainland) 

China, Republic of (Taiwan) 

Hons Kong 

India 

Indonesia 

Israel 

Japan 

Korea 

Lebanon 

Malaysia 

Pakistan 

Philippines 

Singapore 

Syria 

Thailand 

Middle-East oil-ejqrarting countries^ 
Other Asia 

Total Asia 



' P^.''3iti':n at end 



Calendar Year 



Africa : 

Egypt 

Ghana 

Liberia 

Morocco 

South Africa 

Zaire 

Oil-exporting counti'ies^. 
Other Africa 



Total Africa. 



Other coxmtries : 

Australia 

All other 



Total other countries,... 
Total foreign countries.... 
International and regional : 

International 

i^oropean regional. 



Latin Ajnerican regional 

Asian regional 

African regional 

Total international and re.fficinal.. 



Grand total. 



1 
l^.Q 



n.a, 
44 



n.a, 
n.a. 



) Ix 



)_S 



1,462 



1^6 



n. 3. 
1 



61 
107 



1 



10 
15 



894 
2 



902 



10 
?4 



415 



1,812 



513 



lUr 



5J7r 



90 
5 



1 
7 

50 
n.a. 



1,251 



l,.i47 



f6r 

130 



2(iT 



1/ Through December 31, 1975, Surinam included with Netherlands Antilles. 
2/ Includes Balirain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and 

the United Arab Emirates (Truclal States), 
i/ Includes Algeria, Gabon, Libya, and Nigeria. 



-l^^'-^) 



13r 
309 



3 

25r 

127r 

2 
n.a. 



1 

18 



25 
Ar 
13 



1 
11 



n.a. 
Ir 



1,239 
1 



1 , 314r 



1 



2,011r 



i;o 

75r 



,324r 



9 
313 



3 

26r 

134r 

2 



90 
5 



1 
7 

50 
n.a. 

n.a. 

1 



1,251 

28 



2,40Sr 



Less than $500,000. 
p Preliminary, 
n.a. Not available. 
r Revised. 



10 
313 



3 

5 

27 



88 
5 

4 
1 

1 
il 

27 



26 

47 
1 



1,186 



130 
67 



I'-t' 
296 



5 

27 



2 

1,104 

1 



120 
62 



24S 
2 '97 



19 
354 

5 
5 
2 

4 

5 

27 

123 

1 



591 



1 

26 

'■0 
1 



2 
1,091 



125 

60 



Apr.p 



45 

19 
304 

6 
8 
2 

5 
5 
56 

131 

1 



''83 



60 
33 

1 



5 
50 
6 
1 



2 
1,259 



1,327 



125 
59 



250 
2,460 



94 



Treasury Bulletin 



.CAPITAL MOVEMENTS. 



Section II - Claims on Foreigners Reported by Banks in the United States 
Table CM-II-1. - Short-Term Claims by Type 













(In 


;r. Ill ions 


of Jollarsj 
















Total 
short- 
term 
claims 

(1) 








Payable In 


dollars 








Pay 


able in foreign currencies 




Total 

(2) 


Loans 


Collec- 
t ions 
out- 
stand Ing 
for 

account of 
reporting 
banks and 
domestic 
curtoraers(7 


Accept- 
ances 
made for 
account 
of for- 
eigners 

' (8) 


Other 
short- 
term 
claims 


Total 
(10) 


Deposit* 
of 

reporting 
banks and 
domestic 
customers 
■»lth for- 
eigners 

(11) 


Foreign 

government 

obligations 

and 

coramerc ■ 

and 

finance 

paper 

(12) 




End of 
calendar 
year 
or month 


Total 


Official 
Insti- 
tutions 


:"mk:- 
(5) 


Other 
for- 
eigners 

(6) 


Other 

shcrt- 

(13) 


1967 


2,199 
2,542 
2,599 
3,594 
( 4,719 
(4,777 

5,101 
5,887 

/ 7,411 
/ 7,819 

y _' . 

^ " ■ 

/ 15,471 
( 15,6-'A 

^20,". 
39,^-"' 
50,231 
€9,126r 

55,680r 
57,604r 
57,949r 

59,316 

58,014 

60,343r 

60,986r 

63,313r 

69,126r 

63,719r 
63,447 
65,196 
65,814 


2,052 
2,344 
2,407 
3,135 

4,177 

4,234 
..,606 
5,344 
6,810 

7,333 
7 , 1 '.8 
7,243 
7,399 
7,433 
8,158 
8,182 
" .?k\ 
. _ - 1 

u,yn 

14,625 
I/. .-"'O 

. • 1 

. "''^? 
4SJ38Sr 
67,481r 

54,201r 
56,185r 
56,354r 

57,852r 
56,457r 
58,668r 
59,272r 
61,508r 
67,481r 

61,9S7r 
61,488 
63,298 
64,129 


930 
1,268 
1,309 
1,297 

1,646 
1,660 

1,953 
1,915 
2,652 

2,773 

2,968 
2,970 
3,139 
3,141 
3,137 
3,150 
3,165 
3,281 
3,278 

3,051 

5,671 

7,660 

ll,287r 

13,200r 

'18,30ar 

14,497r 
15,779r 
15,157r 

15,566r 
15,248r 
14,881r 
16,191r 
16,141r 
18,300r 

16,072r 
16,234 
15,783 
16,473 


242 
401 
351 
290 
3:^1 

223 
221 

271 
271 
256 
256 
306 
306 
247 

262 
262 
119 

163 
163 

284 

381 

614 

1,456 

766 
1,011 
814r 

737 
1,021 

793 
1,060 
l,272r 
1,456 

1,257 
940 
789 

745 


1,374 
1,403 

1,566 
1,567 
1,739 
1,739 
1,603 
1,616 

1,697 
1,946 
1,943 

1,720 

2;080 2/ 

2,975 
2,970 

4,538 
7,332 

11' Too- 

8,797 
9,523 
9,123 

9,660 

9,060 

9,003 
10,018r 

9,628r 
ll,076r 

9,334 
9,764 
9,739 

10,616 


''('3 

1,055 
1,150 

1,130 
1,132 
1,143 
1,145 
1,228 
1,228 

1,221 
1,073 
l,cr73 
1,212 

1,667 
i;658 

2,535 

2,538 

2,838 

3,574r 

4,920r 

5,768r 

4,934r 
5,246r 
5,219r 

5,16«r 
5,168r 
5,085r 
5,113r 
5,241r 
5,768r 

5,481r 

5,530 

5,255 

5,112 


423 
421 

'.1 A 

i,o(r,' 

1.1 •'" 

1,. ■ 
1,."'.; 

1,367 
1,288 

1,511 
1)552 

1,733 
1,954 
2,C15 

2,389 

2,475 
2,475 

3,269 
3,276 

4,307 
5,637 

5,467 
5,846 

5,325 
5,379 
5,517 

5,542 
5,495 
5,746 
5,586 
5,628 
5,846 

5,833 
5,868 
6,192 

6,106 


69 

65 

58 

1,23 

1,83 

1,87 

1,96 

?,214 

.i.tOO 

,!,>.,: I 

■ .' '■- 

2,450 
2,540 

', 1 ■: 

3,9Si 

■4,243 
4,2?4 

3,204 
3,226 

4,160 
11,237 
11,147 
12,367 

11,310 
11,323 
11,541 

11,451 
11,144 
11,213 
11,461 
11,422 
12,367 

12,018 
12,009 
12,793 

12,079 


9 
6 
2 
3 
7 
4 

7 

384 

443 
464 

4^? 

2,478 
2,657 
3,935 
9,698r 
19,075r 
30,96Sr 

23,069r 
23,704r 
24,140r 

25,293r 
24,570r 
26,828r 
26,033r 
28,316r 
30,968r 

28,064r 
27,378 
28,529 
28,370 


147 
198 

1 «? 

4 '■ 

601 
624 

474 
492 
420 
420 

425 
425 

450 
516 
516 
610 

y ii 
846 

846 
662 
1,196 
l,342r 

1,645 
1,480 
1,419 
1,595 

l,464r 

l,557r 

l,675r 

l,715r 

1,805 

1,645 

1,732 
1,959 
1,897 

1,686 


132 
181 

343 
342 
336 

325 
329 
240 
241 

287 
287 

336 
352 
352 

352 

549 
548 

441 
441 
428 
669 
656 
1,063 

955 
885 
954 

850 
903 
1,029 
1,052 
1,084 
1,063 

1,126 

1,091 

1,100 

863 


2 

2( 
2( 

If 
157 

182 
187 

54 
68 

70 
70 

74 
70 

40 
64 
89 
92 

119 
173 

223 

223 

119 

289 

314r 

'89r 

159r 
U6r 
161r 

143r 
157r 
139r 
113r 

89r 

89r 

145 
272 
323 

132 


5 


1958 


L6 


1959 


L5 


1960 


;e 


1961 V 


X) 
)0 


1962 


!6 


1963 


42 


1964 1/ 


77 
102 

95 


19r'- 1/ 


1966 1/ 


96 

110 
110 

63 

67 


1067 1/ 


196S 


73 


1969 i/. 

1970 

1971 i/ 2/ 

1972 1/ 


79 
74 
166 

174 
174 

182 
182 
115 


1973 


1974 


238 


1975 


372 


1976 


493r 


1976-Apr 


366r 


May 


38?r 




481r 


Julj 


471r 


Aug 


496 




507 


Oct 


550 


Nov 


632r 


Deo 


493r 


1977.Jan 


460 


Feb 


596 


Mar.p 


474 


Apr.p 


490 







1/ 



Data on the two 
in reporting 
coverage to ' 



-^hown for this date differ because of changes 
r tgures on the first line are comparable in 
for the preceding date; figures on the sec- 
._ *v-,.^„ -^"wn for the following d^*-, 
•hose on the first lir.- 
foreign branches and th 



of the U.S. r-.,-.n :-■ md branches of foreign banks on their head offices 

and foreign branches which were previously reported as loans are 

included in "other short-term claiflis'*; and a number of reporting 

banks are included in the 5erie_s for the first time. 

Preliminary, 

Revised, 



Jinic 7977 



.CAPITAL MOVEMENTS. 



95 



Section II - Claims on Foreigners Reported by Banks in the United States 
Table CM-II-2. - Short-Term Claims by Country 

(Position at end if perljd in i;-:illi.jii^ or d'jllarL-;) 



Europe : 

Austria 

Belgitjjn-Luxembourg. . . 

Denmark 

Finland 

France 

Germany 

Greece 

Italy 

Netherlands 

Norway 

Portugal 

Spain 

Sweden 

Swi tzerland 

Turkey 

United Kingdom 

Yugoslavia 

Other Western Europe, 

Poland 

U.S.S.R 

Other Eastern Europe. 

Total Europe 

Canada 



Latin America : 

Argentina 

Bahamas 

Brazil 

Chile 

Colombia 

Cuba 

Ecuador 

Mexico 

Panama 

Peru 

Trinidad and Tobago 

Urxiguay 

Venezuela 

Other Latin American Republics. 

Bermuda 

Bri tish West Indies 

Netherlands Antilles 1/ ....... . 

Other Latin America 



Total Latin America. 



China, People's Republic of 

(China Mainland) 

China, Republic of (Taiwan) 

Hong Kong 

India 

Indonesia 

Israel 

Japan 

Korea 

Lebanon 

Malaysia 

Pakistan 

Philippines 

Singapore 

Syria 

Thailand 

Middle- East oil- exporting countries 2/ 
Other Asia 



Calendar Y^ar 



Total Asia 



Africa : 

Egypt 

Ghana 

Liberia 

Morocco 

South Africa 

Zaire 

Oil-exporting countries ^ 
Other Africa 



Total Africa. . 

Other countries : 

Australia 

All other 



Total other countries. 
Total foreign countries. 



International and renional : 

Intemat ional 

European regional 

Latin American regional.. 

Asian regional 

African regional 



Total international and regional, 
i-lrand tota 1 



11 

147 
4S 
108 
t^^l 
■111 
i5 

ilb 
133 

23 
222 
153 
176 

10 

10 

2'^ 
n.a. 



883 
900 
151 

?97 

12 

n.a. 

1.^73 

274 

178 

n.a. 

55 

518 

4^ J 

n.a. 

n.a, 

1? 

1'^'4 



31 
140 
147 

16 

6,39.^. 
403 



n.a, 
181 

n.a. 

n.a. 
273 



1 f 



n.a. 
n.a. 

5 
129 

61 



)_^{ 



388 



43 



286 



20,723 



20,723 



21 

122 
673 
589 

64 
345 
348 
119 

20 
196 
180 
335 

15 
2,580 

22 

22 
n.a. 

45 
131 



720 

3,405 

1,418 

290 

713 

14 

144 

1,972 

505 

518 

18 

63 
704 
690 

88 
943 

62 
111 

12 , 177 



500 

223 

14 

157 

255 

12,518 

955 
59 

n.a. 

n.a. 
372 
135 
12 
458 
330 
235 



111 

10 

n.a. 

18 

329 
98 

115 



174 



15 
352 

49 

128 

1,471 

436 

49 
370 
300 

71 

16 
249 
167 
237 

86 
4,718 

38 

27 

n.a. 

103 

108 



1,203 

7,570 

2,221 

360 

689 

13 

219 

2,802 

1,052 

583 

23 

51 

1,086 

725 

89 

1,460 

49 

336 



736 
258 

21 
102 

491 

10,776 

1,561 

56 



384 
369 
12 
499 
524 
249 



101 

5 

n.a. 

9 

545 

34 

231 

303 



1 




'■3'-' 
73 


609 


50 


229 





50,231 



44 
662 

85 

141 

1,44s 

562 

79 
929 
304 

98 

65 
429 
177 
482r 
173r 
6,158r 

45 

52 
n.a, 

99 
130 



962 
15,340 
3,378r 

396 

575 

13 

293 

3,419r 

1,021 

690 

31 

38 

1,553 

816 

134 

5,018r 

40 

343r 



34,ODOr 



987 
361 
41 
76 

554 

10,992 

1,722 

25 

n.a. 

n.a, 

559 

420 

32 

422 

1,312 

258 

17,7f.5 



132 

5 

n.a. 

13 

763 

29 

257 

287 



549 



69,121r 



i9,126~r 



54 
501 
129 
136 
1,098 
577 

76 
877 
240 

85 

53 
304 

93 

511 

140 

5,591 

38 

53 





103 
132r 


10 


, 790r 


3,136 



858 

U,021r 

3,254r 

358 

523 

14 

279 

3,290r 

781 

629 

26 

35 

1,512 

763 

115 

4,265r 

43 

243r 

31.010r 



1,099 
267 



495 
319 
43 
414 
,082 
113 



109 

6 

n.a. 

14 

748 

25 

213 

278 



1 


,594 




502 
110 


612 


63, 


lOlT 





o3,313r 



44 
662 

85 

141 

1,448 

562 

79 

929 

304 

98 

65 

429 

177 

482r 

173r 

6,158r 

45 

52 

n.a. 

99 

130 




34,060r 



987 
361 

41 
76 

W4 

10,992 

1,722 

25 

n.a. 

n.a. 

559 

420 

32 

422 

1,312 

258 

17,765 



132 

5 

n.a. 

13 

763 

29 

257 

287 

1.48n 



450 
99 

549 

c9,121r 



1/ Through December 31, 1975, Surinam included with Netherlands Antilles. 
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and 

the United Arab Emirates (Truoial States). 
2/ Includes Algeria, Gabon, Libya, and Nigeria, 



Less than $500,000. 
p Prelij7iinai:y. 
n.a. Not available, 
r Revised. 



41 

554 

72 

137 

1,246 

511 

57 

875 

246 

124 

80 

362 

112 

539 

199 

4,960r 

60 

53 

56 

82 

121 

10,48^-r 

2,Q44 



13,872 

3,456 

370 

593 

13 

278 

3,366 

760 

737 

22 

41 

1,2% 

828 

143 
4,4'-'>7r 
45 
203r 

31,459r 



1,028 

229 

28 

54 

344 

10,579 

1,710 

49 

68 

37 

592 

385 

34 

421 

981 

141 

16,686 

151 

9 

25 

19 

798 
16 

238 

264 
1,51'J 



512 
105 



63,:'12r 



42 

611 

64 

131 

1,372 

667 

85 

802 

510 

127 

90 

375 

85 

530 

207 

4,671 

64 

60 

61 

95 

114 

10,764 



867 

14,102 

3,145 



284 

3,332 

869 

739 

18 

39 

1,260 

81S 

126 

4,572 

41 

287 

31,437 



30 
1,089 

265 
23 
55 

337 

9,472 

1,574 

25 

58 

27 

479 

388 
45 

446 

IW 
15,471 

126 
10 
24 
13 

797 
11 

249 

248 
1,478 



604 
125 



729 
,442 



Mai', p 



58 
570 

67 

Ul 

1,343 

575 

54 
870 
252 
133 

98 
291 

75 

496 

274 

5,218 

37 

56 





104 
inq 


1.-, „. 


3.737 



2.o<a 

''44 

13 

316 

3,294 

849 

733 

29 

39 

1,241 

783 

144 

4,223 

41 

137 

32,055 



5 

1,124 

317 

32 

53 

328 

9,486 

1,736 

32 

74 

45 

463 

409 

52 

401 

1 . '8° 

81 



16,113 

149 

4 

27 

26 

802 
10 

343 

252 



1 


570 




*^2 
119 


1 


Oil 


o5 


809 





96 



Treasury Bulletin 



.CAPITAL MOVEMENTS, 



Section II 
Table CM-II 



■ Claims on Foreigners Reported by Banks in the United States 
3. - Short-Term Claims, by Type and Country, as of April 30, 1977 
Preliminary 

(Position in niillioiiy of dollors) 





Total 
short- 
term 
claiiLs 


Short-term claims payable In dollars 




Short-term 
in foreign 


claims paya: L 
currencies 






Total 


I/mns 


Collections 
outstanding 
for acGO'int 
of report- 
ing banks 
and doirestic 
customers 
V9/ 


Accej.'t- 
ancee 
marie for 
accourit 
of 

foreign- 
ers 


Other 






Total 


I>5 posits of 

reporting 

banks and 

domestic 

customers 

with 

foreigners 

ao) 


Foreign 

government 

obligations 

and coiraner- 

cial and 

finance 

paper 




Country 


Total 


Kore i(jn 
banks and 
official 
instl- 
tut ions 


Other 


Other 

'.12; 


Europe: 

Austrli 

Bel glum-LuxeiBbourg 


0' 

470 

s:i 

126 

1,510 
5 'A" 

70 
^•i,6 
-80 
142 

QO 

36:i 

116 

4n6 

291 

5,9i9 

■il 

51 

63 

log 

10(1 


oO 

^42 

79 

125 

1,470 

493 

69 

879 

361 

138 

89 

J55 

110 

382 

287 

5,833 

31 

49 

63 

07 

"8 


..1 

196 

44 

23 

525 

228 

17 

408 

63 

68 

12 

138 

70 

137 

136 

1,324 

18 

14 

55 

12 


17Q 

37 

12 

501 

202 

9 

326 

33 

44 

12 

82 

58 

101 

133 

1,178 

17 

11 

55 




17 

7 

11 

,:f_, 
.\- 
82 
2'-' 
25 

56 
12 

36 

146 

1 

2 


9 

11 

117 ■ 

62 

32 

140 

14 
10 
94 
22 
47 
18 
202 

6 
18 

8 
75 
28 


10 
13 

90 

52 

o 

74 

18 

56 

66 

47 

6 

3 

131 

38 

2 

6 

36 


13 

102 

13 

1 

■ni 
195 

20 

257 

2 32 

^t 

1 

75 

11 

195 

1 

4,269 

7 

15 

5 
3 


3 

128 

4 

1 

39 

97 

1 

67 

19 

4 

1 

c 

6 

114 

4 

106 

1 

1 

10 
2 


so 

4 

1 

31 

84 

37 

14 

4 

1 

8 

5 

108 

1 

87 

1 


* 

* 
* 

* 


"'9 
1 

* 


DerjTv'ir-: 

Fl- l.ir.'! 




e 




12 




■ 












* 






Spain 




Sweden 




Swi tserland 







2 




19 




1 




• 


Poland 


¥■ 


U.S.S.R 


10 

2 






Total Europe 


12,026 


11,412 


3,55 




505 


1.001 


658 


6,194 


614 


4"^^ 


* 


l'-'-^ 






Canada 


'■,Lii':' 


■ . OQ? 


5."- 




-rn 


2 


1-7 




58° 


R3 


■_1 


- -r,= 






I^tm America; 

■r-rr'ina 

Chile 


14,150 

S1S9 

419 

565 

13 

J12 

3,301 

75': 

756 

22 

1,180 
742 
146 

5,05Q 

54 

IgQ 


871 

14,127 

3,179 

419 

562 

13 

312 

3,282 

•'49 

751 

22 

35 

1,164 

741 

146 

4,966 

54 

186 


362 
1,554 

1,367 
113 
405 

541 
5 

16 
849 
237 

45 
789 

38 

59 


190 

1,5^- 

984 

55 

271 

107 

1,485 
205 
446 
5 
9 
203 
101 

692 

1 
i6 


172 
16 

383 
58 

134 

90 

1,343 

268 

94 

7 
646 
136 
45 
97 
38 
13 


135 
9 

501 

li 

40 

86 

28 

19 

16 

8 

141 

130 

3 

13 

13 

17 


192 
5 

1 , 0? ' 

31- 

45 

184 

1 

7 

156 

327 

97 

1 

« 

11 


183 

12,559 

289 

52 

24 

203 
7 

4 

17 

47 

1 

4,163 

2 

101 


2 

23 

Q 

5 

16 
1 

94 
1 


7 

* 
4 


1 


2 

15 

9 




3 


Cuba 


* 




« 


Mexico 


10 




# 




5 




« 




* 




11 


Other Latin American Republics. 




British West Indies 


89 




# 




* 






Total Latin America 


31,758 


31,582 


9,877 


6, ''^7 


3,540 


1,239 


2,7'3 


17,734 


I76 


2° 


1 


li6 






Asia: 

China, People's Republic of 


3 
1,099 

337 

24 

il 

2P7 

9,597 

1,807 

:-6i 

30 

468 

1,275 

15,759 


2 

1,099 

329 

23 

41 

286 

o,l42 

1,807 

62 

48° 

::60 

30 

468 

1,270 


1 
87 

55 

516 

201 

6 

14 

13 

99 

91 

23 

62 

476 

1,7 -8 


1 
70 

4 ■! 

137 
4 
12 
8 
72 
83 
23 
58 

382 

1,347 


17 
49 

10 

22 

85 

64 

2 

2 

5 

27 

8 

5 

94 

391 


66 

31 

10 

13 

19 

3,080 

22 

15 

7 

2 

21 

36 

7 

57 

315 


916 

75 

3 

3 

205 

4,296 

1,550 

1 

27 

6 

318 

8 

*• 

322 

330 

8,061 


1 

29 

152 

4 

8 

7 

1,249 

34 

g 

13 

14a 
1 °82 


1 
1 

1 

1 
255 

1 

5 
278 


1 

5 

1 

i 
2 






China, Republic of (Taiwan) 


1 

3 


India 






_ 


Israel 


¥> 




u 




« 








2 


Pakistan 




Philippines 


^ 




» 






Thailand 


» 


Other Asia 


i 


Total Asia 


15,481 


■,7C0 


263 


• 


li 






Africa: 


146 

27 

35 

783 

8 

564 

1,570 


141 

7 

27 

34 

772 

8 

562 

1,551 


85 

6 

13 

6 

231 

6 

275 

623 


'■1 

6 

76 

6 

186 

36' 


4 

11 

155 

89 
260 


4 

1 

5 

6 

81 

1 

136 

233 


9 

22 

450 

1 
145 
670 


9 

« 

10 

6 
25 


5 

11 

1 
18 


- 


- 


5 




Liberia 










7 




Other Africa 


1 




Total Africa 


4 


- 


li 


Other cour.tries: 


892 
119 

1,011 


883 
117 

1,000 


59 
23 

82 


30 
3 

33 


30 
20 

49 


73 
28 


689 
32 

721 


62 
35 


Q 

2 


6 
2 


- 




All other 


- 




101 


Q7 


11 


8 


- 


3 








65,809 


64,124 


16,468 


11,357 


5,112 


6, '0-6 


12,f'70 


2 ",370 


1,686 


86? 


332 


i90 






International and regional: 


2 

* 

2 
5 


2 

2 
5 


2 
2 


2 
5 


• 


- 


- 


- 




- 


- 






" 


Latin American regional 


" 


African regional 






5 


- 


• 


- 


- 


- 


- 


- 


- 




65,814 


64,129 


16,473 


11, -'-2 


^,112 


•:,3 06 


12 , 979 


28,3TC 


1,686 


863 


332 


490 





Less than $500, CCO, 



Jinic 19^7 



97 



.CAPITAL MOVEMENTS. 



Section 11 



End of 
calendar 
or month 



year 



Claims on Foreigners Reported by Banks in the United States 
Table CM-II-4. - Long-Term Claims by Type 



(In millions of dollars; 



1957 

1958 

1959 

1960 

1961 

1962 

1963-May 1/ . 
1963 i'' 

196;; y 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 l^ 

1973 

1974 

1975 

1975 

1976-Apr 

May 

June , . , 

July. . . 

Aug 

Sept... 

Oct 

Nov. .. . 
Dec . . . , 

1977-Jan 

Feb 

Mar. p. . 
Apr. p.. 



Total 

long-term 

claims 

111 



1,174 
1,362 
1,545 
1,698 
2,034 
2,160 

2,293 
2,379 

,:,fli7 

i,0» 

^971 
4,. ^85 

4,517 
^,180 
1,925 
3,567 
3,250 
3,075 
3,657 

4,95^ 
5,063 

5,996 

7,179 

9 , 5 "br 

ll.fabOr 

10,013r 
10,252r 

10,2n2r 

10, ■:72r 
10 , 927r 
ll,180r 
11 , 32ur 
ll,''°7r 
11 , 660r 

ll,t.84 
11,82Q 
12,201 
12.481 



Payable in dollars 



n.a. 


n.a. 


n.a. 


n.a. 


n.a. 


n.a. 


n.a. 


n.a. 


n.a. 


n.d. 


2,293 


2,260 


2,379 


2,345 


2,834 


2,781 


. 3,028 


2,811 


3,971 


3,777 


4,. 283 


3,995 


4,508 


4,211 


4,162 


3,915 


3, '909 


3,635 


3,552 


3,158 


3,232 


2,806 


3,050 


2,698 


3,645 


3,345 


4,914 


4,539 


5,023 


4,588 


5,924 


5,446 


7,099 


6,490 


a,41or 


8,316 


ll,512r 


9,c-i5r 


9,898r 


e,514r 


10,137r 


S,811r 


10,080r 


8,756r 


10,230r 


8,880r 


10,794r 


9,359r 


ll,038r 


9,55 3r 


ll.ieir 


Q,672r 


ll,450r 


Q,847r 


ll,512r 


^,9J5r 


11,534 


9,053 


11,618 


10,131 


12,012 


10.426 


12,280 


10,557 



Total 
(3) 



Official 
inst itut ions 



. itut ] 



560 
730 

725 
7.23 

703 
716 

793 
702 
669 
528 
502 
504 
575 

833 

844 

1,160 
1,328 
1 , 375 
l,447r 

1,337 
1,379 
l,374r 

1 , ■40r 
l,362r 
l,325r 
l,337r 
l,391r 
l,447r 

1,430 
1,561 
1,649 
l,o72 



Banks 
(5) 



n.a. 
n.a. 
n.a. 
n.a. 
n.a. 
n.a. 

273 
273 

397 
397 

701 
729 

628 
512 
323 
237 
209 
235 
315 

4 30 
430 

591 

931 

1,567 

2.212 

1,654 

1,727 

1,743 

1,850 

1,979 

2,039 

2,115 

2,171r 

2,212 

2,178 
2,218 
2,192 

2,218 



iDth»r 
farei)-:TiT-r 



n.a 
n.a 



1 , 328 
1, )42 

1,659 
1,585 

2,372 
2,550 

2,7'30 
2,702 
2,642 
2,393 
2,095 
1,9 58 
2,455 

3, 
3, 



276 
314 

3,594 
4,231 
5,374 
'-' , 2Vbr 

5,D2 3r 
5,705r 
5,640r 

5,580r 
6,018r 
6,189r 
5,220r 
6,285r 
5,276r 

6,345 
6,352 
6,585 



Other 

long-term 

claims 



33 
33 

54 
217 



297 
247 
274 
394 
426 
352 
300 

375 
4 35 

478 
609 
.103r 
,577r 



1,28-r 
1 , i26r 

1, •:24r 

1, ■:5ar 
1,4 <6r 
l,485r 
1 , 50or 
l,bOir 
l,577r 

1,581 
1,487 
1,585 

1,723 



Payable in 

foreign 

currencies 



9 
18 
15 
15 
18 
25 
22 

40 
40 

72 

80 

116 

148 

116 
115 
121 

13 3 
133 
142 
139 
147 
148 

150 
211 

190 

201 



1/ Data on the two lines shovm for this date differ because of changes 
in reporting coverage. Figures on the first line are comparable in 
coverage to those shown for the preceding date; figures on the second 
line are coinparable to those shown for the following date. 



Not available. 

Preliminary. 

Less than J500,000. 

Revised, 



98 



Treasury Bulletin 



.CAPITAL MOVEMENTS. 



Section II - Claims on Foreigners Reported by Banks in the United States 
Table CM-II-5. - Long-Term Claims by Country 

f iV>.';i». Im at. ond ol' porlo'J in mJUtonj of Jollai-nJ 



Co\ir,try 



Europe : 

Austria 

DclgiuiB-Luxembourg. . . 

Denmnrk 

Finland 

France 

Gerraony 

Greece 

Italy 

Netherlands 

Norway 

Portugal 

Spain 

Sweden 

Switzerland 

Turkey 

United Kingdom 

Yugoslavia 

Other Western Europe. 

Poland 

U.S.S.R 

Other Eastern Europe. 



Total Europe. 
Canada 



Latin Amerieo : 

Argentina 

Bahamas 

Brazil 

Chile 

Colombia 

Cuba 

Ecuador 

Mexico 

Panama 

Peru 

Trinidad and Tobago 

Uniguay 

Venezuela 

Other Latin American Republics. 

Bermuda 

British West Indies 

Netherlands Antilles 1/ 

Other Latin America 



Total Latin America. 



Asia : 

China, People's Republic of 

(China Mainland) 

China, Republic of (Taiwan). 

Hong Kong 

India 

Indonesia 

Israel 

Japan 

Korea 



'alon'lar year 



rhilippines 

Singapore 

Syria 

Thailand 

Middle-East oil-exporting countries 
Other Asia 

Total Asia 



D- 



Africa : 

Egypt 

Ghana 

Liberia 

Morocco 

South Africa 

Zaire 

Oil-exporting countries 2/ • 
Other Africa 



Total Africa . . 

Other countries : 

Australia 

All other 



Total other countries 

Total foreign countries 

International and rerlonal : 

International 

European regional 

Latlii American regional 

Asia regional 

African regional 

Total International and regional... 

Grand totHl 



3 

22 

29 

22 

174 

106 

89 

61 

20 

47 

8 

113 

28 

3 

39 

148 

72 

5 



1...' 
1- 

136 

87 

1 



1 ■'-• 
n.a. 



251 

103 

n.a, 

n.a, 

n.a. 

n . '1 . 
18 

543 



i,582 

16 

n.a. 

n.a, 

2 

88 

31 

219 



154 

23 



177 



5,092 



5,9°6 



23 

13 
50 
25 

191 
83r 

198 



110 

23 



13 

14 



,614 



258 

103 

12 

n.a, 

n.a. 

1 ■■- 

IT 

19 

384 

53 



1 

74 

39 

62 

176 



,170 



23 
17 
60 

53 
175 

63r 
241 

■■'1 



174 

51 



1 -^ 



144 
? /l 



1,795 



150 
14? 
151 
269 



9,'^%r 



23 

11 



Hdr 
95r 
201 

109 

.■;9i- 

41r 



193 

34 



1,''16 

L'Ul 

<<4 

••■1 

l.ili 

11^' 

245 

4 



11 

101 
43 



li-l 
5 

20 
146 
112 



l,e82r 

10 

i:- 



i/ Through December 31, 1975, Surinam included with Netherlands Antilles 
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and 

the United Arab Emirates (Truclal States). 
^ Includes Algeria, Gabon, Libya, and Nigeria. 



1976 



24 

9 

61 

58 

201 

109r 

185. 

lOf. 



24 
344r 



3,284r 



201 

155 

1,524 

213 

?5 



118 

224 

4 



17 
17 



341 
54 

':5 

14 i 

201 

2 ^D 

21 



20 
141 

109 



11 

11 



ll,'62r 



23 
11 
65 
67 



.'.I.- 

24 

326r 

4? 



3,232r 



156 

1,51'-. 

201 

94 

21 

1.411 

UP 

245 

4 



15 

11 

101 

48 



345 
54 

-;o 

206 



Irl 
5 

20 
146 
112 



1.882r 



236 



ll,625r 



26r 

1 



■ Less then ; 
p Prel iJBlnar:, . 
n,a. Not available, 
r Revised 



23 
318 



210 
151 
,■■'54 
192 

Q2 

1 



lit 
2i7 



45 
27 
102 



!b'3 
270 



1 

160 

5 

19 
117 



If' 

I-.: 
1: 





. .1 
ILI 


t'^b 


1-2 
,--1 


253 


11 


,649 



U,!"/. 



22 
318 

50 
7 

90 
868 
216 

18 
245 
393 
221 



93 
4, 

79 

1,438 

113 

243 

7 

324 

272 

45 

30 

102 

7 



4,906 



333 

51 

26 

146 

206 

363 

263 

22 

79 

4 

162 

14 

17 

123 

27 



l,e41 



14 

19 
205 

13 
253 

82 
206 

;3 



60 
1 
5 



68 



11,829 



24 
21' 
57 

63 
384 

93 
190 
102 

31 

38 

21 
389 

53 
6 

99 
924 
227 

U 
281 
392 
205 



3.616 



204 
148 

1,629 

170 

93 

84 

1,401 

128 

241 

8 

316 

296 

45 

33 

102 

7_ 

4,908 



4 
J41 

52 

26 
138 
202 
417 
273 

20 

80 

4 

137 

10 
« 

21 
152 

18 



IC 

1? 

204 

13 

247 

100 

211 

86 



-'.■.)0 



12.134 

60 

1 
4 
2 



JuUilCflJ 



99 



.CAPITAL MOVEMENTS. 



Section II - Claims on Foreigners Reported by Banks in the United States 
Table CM-II-6. - Long-Term Claims, by Type and Country, as of April 30, 1977 

Preliminary 

(Position in millions of dollars) 



Country 



lot-il 

lom:-trr 

clain.: 



Long-term claims payable in dollars 



Long-term 
claims 
payable in 
foreign 
currencies 
f5) 



Europe : 

Austria 

Belgium-Luxembourg 

Demnark 

Finland 

France 

Germany 

Greece 

Italy 

Netherlands 

Norway 

Portugal 

Spain 

Sweden 

Switzerland 

Turkey 

United Kingdom 

Yugoslavia 

Other Western Europe 

Poland 

U.S.S.R 

Other Eastern Europe 

Total Europe 

Canada 

Latin America : 

Argentina 

Bahamas 

Brazil 

Chile 

Colomb ia 

Cuba , 

Ecuador 

Mexico 

Panajna 

Peru 

Trinidad and Tobago 

Uruguay , 

Venezuela , 

Other Latin American Republics.,.., 

Bermuda , 

British West Indies 

Netherlands Antilles , 

Other Latin America , 

Total Latin America , 

Asia : 

China, People's Republic of (China 

Mainland) 

China, Republic of (Taiwan) 

Hong Kong 

India 

Indonesia 

Israel 

Japan 

Korea 

Lebanon 

Malaysia 

Pakistan 

Philippines 

Singapore 

Syria 

Thailand 

Other Asia 

Total Asia 

Africa : 

Egypt 

Ghana 

Liberia 

Morocco 

South Africa 

Zaire 

Other Africa 

Total Africa 

Other countries : 

Australia 

All other 

Total other countries 

Total foreign countries 

IntemationEil and regional : 

Intemat ional 

European regional 

Latin American regional 

Asian regional 

African regional 

Total International and regional,... 

Grand total 

1 Less than $500,000. 



24 

25 
57 
68 

U? 
Q7 

187 
91 
31 
37 

n 

54 

6 

78 

964 

236 
19 

267 



1,626 

175 

92 

94 

1,456 

121 

2?7 

1 

7 

331 

296 

60 

30 

102 



346 

61 

24 

156 

213 

416 

266 

20 

80 

4 

145 



21 



IS 
19Q 

23 
290 





V-i 


'-''j ' 




?5':. 


i; 


,414 



20 
18 
57 
68 

«? 
97 

186 
91 
25 
37 
•il 

408 

53 

6 

69 

Q57 

235 
1° 

266 
■;Q7 

1Q7 



213 

14^ 

1,625 

175 

02 

91. 

1,456 

118 

237 

1 

7 

327 

206 

60 

12 

102 



^46 
61 
24 
156 
209 
414 
262 



1,°5;' 



8 
18 

199 
23 

249 



26 
1 
4 
2 



19 
18 
57 
55 

i94 
91 

185 
77 
25 
36 
15 

405 
53 

51 

400 

10 5 

IQ 
346 

'96 



IT 

140 

1,4°4 

101 

86 

88 

1,130 

106 

223 

1 

6 

317 

278 

60 

12 

98 

6 



201 

Y:- 

21, 

133 

204 

410 

165 

1 

79 

4 

110 



14 
17a 



IQQ 
21 

174 
82 



13 
20 
6 
1 
14 

1 
16 
2 



18 

557 
41 

1 
20 

1 



132 
72 

4 



126 
12 
11 



10 
18 



146 
8 

23 
5 

4 



35 
6 



75 
13 

18 



41 

1 



100 



Treasury Bulletin 



.CAPITAL MOVEMENTS. 



Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States 

Table CM-III-1. - Liabilities by Type 



(In mllllone of dollar^} 



End of 

calendar year 
or quarter -end 
month 1/ 



1 utal 

1 labilities 



Short-t''r:r iialjillt 



Payable !: 
dolTarr 



Payable in 
foreign 



long-term 
liabilitieii 



1957 

1958 

1959 

1960 ZJ 

1961 -Mar. _2/, 

June 2/. 

Dec 

1962June 2/, 

Dec. 2/, 
1963 

196<Wune i/ . 

Dec 

1965 2/ 

1966 

1967 2/ 

1968 

1969 2/ 

1970 

1971 2/ 

1972 2/ 

1973 

197i 

1975 

1976 Uor 

June. ,. . 

Sept 

Dec. p. . . 



566 
.'.99 
■hi. 
57/.- 



V56 
778 



-33 



T78 

-17 



798 
805 



763 
725 



1,78A 
1,815 

2,'?y? 

?,5n 

4,428 

5,780 

5,863 
5,901 

6,659 
7,017 

7,889 



10,262 
10,419 
10,236 

10,043 

9,982 



491 

440 

581 

485 
507 

583 
600 

673 
684 

678 

626 
665 

637 

644 

626 

622 

585 



1,089 

1,371 
1,386 

1,608 

1,786 
2,124 

2,677 

2,704 
2,763 

3,119 
3,414 

4,002 



5,917 
6,006 
6,350 

6,301 
6,318 

6,476 



428 

368 

512 

424 
437 

510 
525 

563 
572 

569 

527 
551 

508 
513 



471 
441 



556 



827 

1,027 
1,039 

1,225 

1,19° 
1,654 

2,181 

2,229 
2,301 

2,635 
2,948 

3,290 

5,017 
5,402 
5,700 
5,676 

5,702 
5,867 



71 
69 



61 

70 



?;■ 



Ill 
113 



99 1 
114 \ 

129 ^ 

130 j 



151 
144 



144 



75 
60 
83 

89 



83 

94 



155 
151 



148 



210 


/ 136 
V 147 


262 


329 


343 
347 


414 
428 


382 


1,129 


187 
471 


1,725 

2,304 


496 


3,102 


475 
463 


3,159 
3,138 


484 
466 


3,540 
3,603 


713 


3,886 


900 
605 
650 
625 


3,879 
4,256 
4,069 
3,935 


615 

609 


3,725 

5.vK 



:]ote: Brealts in series arising from changes in reporting coverage which 
amount to 35 million or less for any year are not shewn; in such 
cases, only the figure cornparable to that for the following date is 
shoim. 

i/ Data are sho^m for calendar year ends and for most recent five 

quarter ends for which figures are available. Data are also shown 



for earlier quarter ends when the reporting coverage i:vK-.\y.^'.'. . 
2/ Data on the two lines shwm for this* date differ because of 
changes -in reporting coverage. Figures on the first line are 
comparable in coverage to those shown for the preceding date: 
figures on the second line are comparable to those shoim for 
the following date, p Preliminary. 



Jinie 19^7 



101 



.CAPITAL MOVEMENTS. 



Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States 
Table CM-III-2. - Short-Term Liabilities by Country 







( : o : L 


loll at Olid 


Tl" ].ji'-rii:'n In 


mill lull.: or 


dollar:: ! 














Orilendar yea 






1975 


1 ~>^'r, 


Country 


VT-l 


1 '■■ ■ I' 


,., 


''■'.; 


leo. 


!.'ar:h 


.illllB 


0.:.-pt. 


Deo. P 


Europe: 


li' 

11" 

10 ■: 

11-. 

y: 
104 

;-oo 


2 

75 

q 

lo? 

llj' 

102 

9 

79 

12 

122 

3 

949 

7 

2 

1 , ■. o-| 


88 

7 

4 

150 

160 

10 

10 J 

lOS 

14 

4 

77 

13 

105 

4 

1,11S 

7 

2 


3 
139 

Q 

140 

.;o 

'-!::' 

105 

9 

13 

75 

48 

102 

10 

951 

16 

3 

o 


20 
524 

04 

10 
Ml 

313 

l-'4 

117 

q 

19 

56 

41 

138 

8 

1,256 

40 

5 

48 

lo 


14 

299 

9 

14 
149 
149 

19 
172 
114 

20 

81 
29 

130 
25 

998 

76 

8 

20 

11 


6 
296 

12 

10 
205 
152 

25 
125 
162 

23 
3 

63 

25 
159 

14 
929 

91 
6 

23 

10 

2,344 


13 
233 

12 

7 

159 

228 

29 
116 
I'/O 

22 
3 

51 

24 
213 

20 

846 

108 

7 

10 

It. 


15 

133 

13 

21 

185 

256 

28 
128 
141 

24 
5 

36 

35 
241 

16 

739 

113 

8 

19 

14 
2,270 










166 


Finland 






4 

198 

173 

48 

97 

141 

29 

13 

40 

34 

137 

13 

810 

123 

7 

9 

13 






Italy 


Netherlands 










Switzerland 


Turkey 






Other Western Europe 


U.S.S.R 




Total Europe 


1.011 


l,'o. 




;,oio 


2, "'41 


::.::siu 


2,122 


Canada 


l.-'l 


01""-' 


015 


2o; 


'.W 


290 


313 


369 


324 


3"b 






Latin America: 


IR 
289 

?? 

1.'. 

7 
2 

16 

3: 


19 
323 

35 

IS 
8 
1 

27 

5 

6 
17 
35 

10 

7 


19 

396 

35 

9 

7 

1 

26 

18 

4 

7 

17 

39 

10 

4 


428 

64 

12 

9 

46 

13 

15 

2 

36 

51 

6 


38 

374 

118 

22 

14 

60 
21 
14 
2 
49 
S3 
26 
101 


36 
277 

96 
14 

17 

32 

16 

29 

3 

100 
71 
35 

138 

ai2 


41 
376 
91 
11 
16 

92 
10 
30 

163 
71 
58 

214 

1,170 


42 
330 
90 
15 
19 

12 

31 

3 

184 
95 
55 

130 

1,077 


41 
2'11 
53 
lo 
11 

74 

10 

32 

3 

222 

100 

68 

129 

1,011 


33 


Bahamae^.'' 


260 


Brazil 


65 


Chil" 


17 




13 


Cuba 


* 




95 




34 




25 




4 




219 


Other Latin Amprican Republics.. 


137 
10 


Other Latin America 


101 




v^ 


^19 


=,o^ 


■;'oO 


922 


1.017 






China, People's Republic of 
(China Mainland) 


1 

v 
11 

10 

10 

17"? 

13 

3 

i.;i 


11 

12 
7 
12 
12 

149 

2U 
I'- 
ll" 


32 

26 
12 
7 
15 
19 
225 
21 
16 

Hi: 


42 

34 

i\ 

14 
25 

095 

37 
17 

1 -■'■ 


17 
92 
19 
7 
60 
50 
347 
75 
05 
10 


6 

97 

17 

7 

137 

31 

295 

69 

14 

18 

1.031 


5 

110 

23 

9 

141 

26 

307 

53 

18 

18 

1, 002 


8 

124 

28 

10 

133 

34 

290 

62 

18 

11 

1,:J35 


7 

129 

33 

11 

144 

32 

275 

28 
23 

1,263 


20 


China, Republic of (Taiwan) 


112 

40 




23 




136 


Israel 


39 




223 








53 


Thailand 


24 


Other Asi? 


1,326 


Total Asia 


410 


410 


■'.PI- 


70:-- 


1 ,0 37 


1,721 


1,733 


1,"52 


2,02" 


2,:i3o 


Africa: 


1 

I 
a 


3 

7 

1 


3 

8 

1 


10 
15 
14 
lo 

11' 


3 

14 

43 

l-' 

112 


37 

8 

100 

2 Y-.' 


30 

7 

113 

34'" 
002 


22 
32 

88 
12 


25 
42 
65 
24 

276 


27 




43 




54 


Zaire 


36 


Other Africa 


433 


Total Africa 






M. 


0.0 


190 


30(0 


^^27 


432 

;-.0 
13 


597 


Other countries: 




1-; 


1., 


-;1 
lo 


50 


17 


13 


12 


57 


All other 






■0.) 


'.0 


.;4 


cO 


■'to 


73 


65 


44 


07 


76 


Total foreign countries 


^,7( :i 


3,119 


3,414 


4,000 


5,759 


5,731 


6,132 


6,055 


6,131 


6,267 


International and regional 




. 


. 




158 


276 


219 


246 


186 


203 




2,763 


3,119 


3,414 


4,002 


5,917 


6, 006r 


6,350 


6, 301 


6. 313 


6.476 







1/ Data in two columns shown for this date differ because of changes in 
reporting coverage. Figures in the first column are comparable in 
coverage to those shorn for the preceding date; figures in the second 
column are comparable to those shown for the following date. 



2/ 
1/ 



Through December 31, 1972, Bermuda included with Bahamas. 
Through Decanber 31, 1975, Surinam included with Netherlands 
LesG than $500,000. 
Preliminary. 



102 



Treasury Bulletin 



.CAPITAL MOVEMENTS. 



Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United Sto'es 
Table CM-III-3. - Short-Term Liabilities, by Type and Country, as of December 31, 1976 

Preliminary 





(fcsltlon in Tiilllions at 'loliarc; 




Country 


Total 

Short-term 

liabilities 


Payable In 
dollars 


Payable In 

foreign 

currencies 


SUra^: 


IC 

166 

7 

4 

198 

173 

l,B 

97 

141 

29 

13 

40 

34 

187 

13 

810 

123 

1^ 


109 
6 
4 

182 

136 
48 
82 

133 
28 
13 
28 
29 

137 
9 

742 

123 

q 

li 


3 
57 






Finland 






16 

37 






Italy 


16 


Netherlands 


g 




1 








12 
5 

50 
3 

68 








United Kingdom 






1 


U.S.S.R 

Other Eastern Europe 


Total Europe 


2,122 


1,843 


279 


Canada 


376 


195 


180 








38 
260 
65 
17 
13 

95 
34 
25 

4 

219 

137 

10 

101 


37 

234 

63 

16 

12 

* 

91 

33 

24 

3 

216 

133 

10 

100 






26 

2 


Brazil 


Chil-* 




* 




** 




4 

1 
1 


Panama 






4 

4 


Other latin American Republics.. 


Other Latin America 


2 


Totnl Iflt in Ain**rVn 


1,017 


973 






"■" 


Asia: 

China, People's Republic of 
(China Mainland) 


20 

112 

40 

23 

136 

39 

228 

77 

53 

1,326 


20 

112 

27 

22 

136 

38 

176 

77 

53 

23 

l.i08 




China, Republic of (Taiwan) 


1 
12 

1 


India 






1 
52 




Korea 






Thailand 


\ 




17 


Total Asia 


2,080 


1 993 








Africja: 


27 

43 
54 
36 

43? 


27 
42 
52 
33 

427 






1 
2 
2 

11 


South Africa 


Zaire 






Total Africa 


^97 


581 


16 




Other C9untrles: 

Australia 


57 
19 


55 


2 

1 


All -W.'-r 




"(-■ 




3 






6,267 




' C"^ 


International and regional 


208 


208 


- 




6,47f- 


■ ,'•" 









Less thar. ;' 



Jinw 7977 



.CAPITAL MOVEMENTS. 



Section III 



Liabilities to Foreigners Reported by Nonbanking Concerns in the United States 
Table CM-III-4. - Long-Term Liabilities by Country 



105 







I losition at end of 


period in 


millions of dollars) 












Calendar year 


12',''-. 


1976 


Country 


I'-^-l 


!■-'■ . 1 


I''" 


l'-.7. 


fipc . 


Maivh 


.Imie 


Oept. 


Pe.-'. r. 


Europe: 


,''.1 
-■] 

.'•1 

10 

.:<A 

s 


78 

20 
152 


21 

55 
361 

20 
152 

207 

5 


175 

'•■b 

21 

'.,Q2 

150 
21'--. 

1,112 


1 
266 

474 

1 

144 

21.? 
1 

■:0 
590 

1,233 
1 

Q 


10 

1^4 

58 

■^06 

1 

37 

202 

1 

31 

522 

* 

1,';04 

1 

I'T 


10 
170 

48 

446 

1 

214 
1 

6 

31 

484 

1,577 

1 

20 


135 
29 

47 

425 

1 

71 
314 

6 

32 

467 

1,493 

1 
20 


10 

150 

26 

46 

406 

1 

75 
270 

* 

6 

38 

327 

* 

1.445 

20 






169 


Denmark 


31 


Finland 


France 


41 
396 






Italy 






258 






Portugal 




Spain 


5 


Sweden 


38 


Switzerland 


260 




1 




1,406 


Yugoslavia 




1 


U.S.S.R 

Other Eastern Europe 


16 






Total Europe 


2, '-■^'2 


2,560 


2.01 


2 , 701. 


3,034 


i,2iji 


3,114 


2,992 


2,. 320 


2,696 


Canada , 




'- 


'- 


I'.i.. 


103 


152 


144 


166 


111 


.36 


Latin Ainerica: 


1 

1 

1 

1-, 

2 

lu 


1 

250 

1 

1 

1 
11 

1 

i, 

1 


1 

1 
1 

1 

11 

1 

1 

1.9 
1 


1 
471 
1 
1 
1 

* 
1 
7 
5 

r\ 


1 

17" 

1 
1 

7 

1 
7 


1 

210 

1 
1 



20 


1 
184 
•s 
1 
1 

6 

4 
* 

2 

7 
27 

11 


1 
157 
5 
1 
1 

6 
4 
* 

2 

27 

11 


1 
132 
5 
1 
1 

3 

2 

7 
27 
45 

230 


1 
138 




Brazil 


Chil" 


1 
1 


Colombia 


Cuba 




X5 
















2 


Other Latin American Republics.. 

Netherlands Antilles i/ 

Other Latin America 


9 
23 

45 


Total Latin America 


■lA 


2' 


srr, 


216 


2Dq 


24a 


222 


241 






Asia: 

China, People's Republic ol 


1 
1 


1 


..21 

s 

1 , 


1 

5 

1 


1 

■^12 


1 

6 


1 
1 

397 

.32 


1 

1 

4 
394 

8 


1 
1 

4 
388 

8 

87 


1 
1 

4 

402 

8 

82 
498 




China, Republic of (Taiwan) 


1 
1 


India 




* 




5 

397 








8 

1 

Q 




Other Asia 




Total As i a 






'■ 1 


4-..- 


4'JD 


40^ 


489 


423 






Africa; 

Egypt 


7 


6 


- 


1 


1 


2 


* 


* 
1 


V 

1 


» 




• 




1 




1* 


Other Africa 


1 


Total Africa 






2 


2 


2 


2 


2 






Other countries: 


-;■ 


74 


1 






6t:i 


'] 


64 


64 


57 


All other 


1 













.... 


06 


'■' 


64 


64 


■^8 


Total foreign countries 


.1 ■-' 


.540 


■ . tiO 


■ , .28d 


3.S79 


4,256 


4.069 


3,935 


3.72^ 


3, 506 


International and regional 


- 


- 


- 


• 


- 


- 


- 


- 


- 


- 


Grand tot.i 1 


.1 •2 


i,540 






3,879 


4,25l. 


4, .'iO'2 


-.; ■'i~./'. 


'•.-■" 


3,506 



1/ 



Data in the two columns shown for this date differ because of changes 
in reporting coverage. Figures in the first column are comparable in 
coverage to those shovm for the preceding date; figures in the second 
column are comparable to those shown for the following date. 



2./ Thi'ougli December 31, 

i/ Through December _31, 

* Less than $500,000. 

p Preliminary. 



19^2, Bermuda included with Bahamas. 

1975, Surinam included with Netherlands Antilles 



104 



Treasury Bulleth? 



.CAPITAL MOVEMENTS. 



Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States 

Table CM-IV-1. - Claims by Type 



rind 01' 

calendar year or 

quarter -end month 

1/ 



1958 


1959 


1960 2/ 


1961 -War. 


i/ 


June 


2/ 


Sept 


. 2/ 


Dec. 




1962 -June 


2/ 


Dec. 


2/ 


1963-l!ar. 


2/ 


June 2/ 


Dec. 


2/ 


196/. -June 


2/ 


Dec. 


2/ 


1965 2/.. 




1966 


1967 Zj'. 


1968 


19W 2/ 


1970 




1971 2/... 




1972 2/ 




- 




Ijl^. 


1976-Mar 






Sept 
Dec. 







Total claims 



,SSl. 



5,572 



8,068 



. 9. 960 
12,529 

1 5 , m'-' 

17,ljn 

\i,ifl 
18,161 
19,130 



■ili ] Uiru; of duller:;, 



nhort-lcm rlalT. 



2,282 



2,131 
2,188 



2,4.-0 

2,776 
2,853 

2,397 
2,299 



2,946 
3,011 

3,783 

3,710 
4,159 



5,]<" 

5,0CL, 

5,723 

6.294 
8,471 

11,263 
12,151 
12,698 
13,847 
13,190 
14,148 



iuj'Lible i:. 
dollars 



720 


568 


705 


605 


1,432 
1,505 


824 
875 


1,248 
1,305 


939 
968 


1,496 
1,528 


i,ia 

1,208 


l,f<! 

1,6' ; 


1,323 
1 , 340 


1,636 


1,335 


1,807 
1,974 


1,475 
1,598 


2,051 

2,098 


1,625 
1,668 


2,113 
2,162 


1,712 
1,758 



1,677 

1,739 
1,778 

2,000 
1,952 

2,306 
2,338 

2,000 
1,911 

2,225 

2,529 

2 , 599 

,',173 

3,124 
3,532 

3,579 

4,5^5 
4,467 

5,074 
5,643 
7,584 
10,241 
11,048 
11,713 
12,912 
12,211 
13,212 



;' with bankc 
In reporter's 



88 
68 



58 
71 



76 
89 



122 
126 



131 
132 



178 
208 



214 
217 



201 
204 



201 
199 



220 
219 



189 
205 



16'Z 
166 



201 
203 



368 

221 
244 

234 

318 
289 

411 
.2.93 
493 
473 
564 
478 
496 
493 
379 



Oliier short-tei-m 
elfiims payable in 
ro-'>^i('n jurreric 5 Of: 



63 

32 



549 
560 



233 

248 



193 
194 

192 1 
192^ 



151 



153 
168 



212 
2I2 



200 
200 



191 

211 

262 1 

260 ] 



281 
310 



229 
222 



236 



216 

209 



241 



365 
383 



348 



333 
244 



2>i 

548 
539 
508 
439 
487 
557 



Long-term 

claims 



223 

304 



344 
354 



385 
396 



399 
406 



453 



636 

704 



758 

769 



'/23 
734 

815 

962 
1,081 

1,169 
1,139 

1,256 

1,537 

1,570 



2,215 
. 63 



3,118 
3,068 

3,370 

^666 

4,057 

4,544 

4,984 

5,17" 



4,970 
4,982 



!loto: Br«a!!s in series arising from changes In reporting coverage which 
n_,...^. .^ ;^ million or less for any year are not shown; in such 

•he figure comparable to that for the following date Is 

i/ ::b*^ ht'.' :^hQwn for calendar year ends and for the most recent five 
quarter ends for which figures are available. Data are also shown 



''or 'iarlter quarter ends when the reporting coverage changed. 

2/ r>a*a on the two lines shofn for this date differ because of changes 
in reporting coverage. Figures on the first line are coaiparable in 
coverage to those shown for the preceding date; figures on the second 
line are comparable to those shown for the following date. 

p Preliminary. 



jioie nn 



103 



.CAPITAL MOVEMENTS. 



Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States 
Table CM-lV-2. - Short-Term Claims by Country 



::-ooit,ion at end of jieriod in millions of 'Jollar; 



Count 3:^ 



Europe : 

Austria 

Belgiura-Luxemhourg 

Demnark 

Finland 

France 

Germany 

Greece 

Italy 

Netherlands 

Norway 

Portugal 

Spain 

Sweden 

Switzerland 

Turkey 

United Kingdom 

Yugoslavia 

Other Western Europe 

U.S.S.H 

Other Eastern Europe 

Total Europe 

Canada 

Lfttin America : 

Argentina 

Bahamas 2/ 

Brazil. ." 

Chil'- 

Colombia 

Cuba 

Mexico 

Panama 

Peru 

Uruguay 

Venezuela 

Other Latin American Republics 

Netherlands Antille:^ _2/i 

Other Latin America 

Total Latin America 

Asia: 

China, People's Republic of 

(China Mainland) 

China, Republic of (Taiwan) 

Hong Kong 

India 

Indonesia 

.srael 

Japan 

Korea 

Philippines 

Thailand 

Other Asia 

Total Asia 

Africa : 

Egypt 

Morocco 

South Africa 

Zaire 

Other Africa 

Total Africa 

Other Goimtries : 

Australia 

All other 

Total other countries 

Total foreign countries 

International and regional. , 

Grand Total , 



Calendar year 



1'"'71 



1 ' 
1": 
U 
1^ 



1 



SI 

99 



.',1 



, 000 



1/ 



1:" 
21 

1^7 



1.044 
12 
14 
2? 



41 

1 

1-^0 

1'- 



^1 
12 



187 

1- 

1 ' 

I'i-: 



1,. 1 J 

12 

1: 





V 


2 


502 


■>■{') 





1 

Til 



95 



lr,J 




1M7 


'-.''•"-", 


I 



o,2'iA 



• 1 

ICC 



lAO 
1? 



11 

l^'l 



104 



IM 



l,<-.-Q 



ll'i 


:■!'; 


QV 


1:3 


.'-',.',"1 







1/':-' 
l.'O 



81 
}lj7 



308 

i,a 



193 
199 



17 
138 



24 
3SA 



101 



11,21. 



1.. 

1!? 

■:9 

91 
291 

355 

3; 

180 

iL.? 

.;i 
44 

A07 
62 



1,901 

36 

14 

I'.Q 

70 



36 

49 

1 

362 

Ql 

41 

4 

178 

1'.9 
12 

tOl 



164 
110 

39 
14c 

54 

1,130 

263 

96 

22 
549 



J,d31 



10 

93 

24 

256 



102 
39 



12,151 



17 
lib 

35 

36 
355 
305 

41 
406 
176 

58 

45 
516 

80 



,280 
30 

13 
10': 



27 

47 

1 

332 



4 
156 
170 



35 
100 

66 

60 
155 

42 

1,161 

105 

106 

20 
638 



22 
10 
80 



17 
193 

30 
138 
363 
358 

47 
335 
146 

52 

22 
432 

84 
270 

31 

2,599 
28 
14 



1,150 

462 

46 

57 

1 

332 

101 

39 

4 

186 

184 

10 

437 



23 
215 

104 
51 

160 

53 

1,169 

131 

114 
19 

6^31 

2,727 



2o 
12 
83 
25 
230 



H,84i.' 



13,847 



21 
195 

26 
139 
413 
492 

56 
358 
142 

43 

28 
336 

62 
254 

23 

,363 

30 
17 

81 



417 

26 

66 

1 

352 
83 
35 
22 

215 

179 
9 

444 



11 

136 
88 
53 

193 

48 

1,008 

142 
93 
23 

624 



2,41'J 



36 
9 

78 



112 

67 



13,190 



21 
163 

50 

79 
426 
377 

51 
383 
162 

49 

40 
369 

89 
241 

25 

,437 
26 
19 
156 

85 



5,250 



44 

l,3b8 

682 

34 

59 

1 

332 

74 

42 

5 

194 

270 

9 

442 



23 

199 

96 

55 

209 

41 

912 

120 

86 

22 

567 

,330 

28 
10 
87 
21 
245 



14,148 



1/ Data on the two coluiTins shovm for this date differ because of changes 
in reporting coverage. Figiores in the first column are comparable in 
coverage to those shown for the preceding date; fig'ires in the second 
column are comparable to those shown for the following date. 



2/' Through December 31, 1972, 

i/' Through December 31, 1975, 

p Preliminary. 

- Less than $500,000. 



Bermuda included with Bahamas. 

Surinam included with Netherlands Antilles. 



106 



Treasury Bulletin 



.CAPITAL MOVEMENTS. 



Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States 
Table CM-IV-3. - Short-Term Claims, by Type and Country, as of December 31, 1976 

Preliminary 

(Position in million:: of dollars) 





To*al 

short-term 

claiffls 


Payable in 
dollars 


Payable in forel^ cvirronclt!.'; 


Country 


!-■! ;'.t,R wtth banks 
abroad In reporter's 
own name 


Other short-terro 
claims payable In 
foreign currencies 




16;i 
50 
79 

426 

377 
51 

383 

162 
49 
40 

369 
89 

241 

25 

2,437 

26 

19 

156 
85 


1- 
97 
50 
79 

414 

354 
50 

370 

145 
48 
39 

357 
83 

206 

23 

2,323 

25 

18 

156 
82 


55 

H 

2 

7 

2 

10 

» 
8 
3 

23 
2 

89 
1 
* 


4 




11 




« 


Finland 


• 




10 




16 




1 


Italy 


11 




7 


florwdv 


1 




» 




4 




3 


Switzerland 


12 


Turkey 




United Kingdom 


25 




« 




1 


U.S.S.R 











5,250 


4,938 


204 


139 


Carj'i 


2, «9 


2,088 


65 








Utln Ajterica: 


44 

1,368 

682 

34 

59 

1 

332 

74 

42 

5 

194 

270 

9 

442 


1,355 

654 

34 

58 

327 
73 
40 

5 
188 

257 

8 

438 


9 

27 

1 
1 

H 
K 

2 

2 

7 








Brazil 


2 


Ch'.l" 














5 




1 




K 




,^ 




4 
6 


V,--- :^tin Aniepican Republics.. 


nt.hAr lAtin Amf»T'1f»n 


1 






Total Latin Anerica 


'}. ''5V 


3,430 


'2 


2', 






Asia: 

China, People's Republic of 


23 

199 
96 

55 
209 

a 

912 

120 

86 

22 

567 


23 

196 
88 
49 

208 
40 

791 

118 
85 
22 

'51 


1 
2 
5 
1 
» 
33 

1 

w 
3 


« 


China, Republic of (Taiwan) 


2 
6 


India 


1 

1 

1 

88 

1 
1 
1 










Phi 1 ipp ines 


Thailand 


Other Asia 


Total Asia 


2,330 


;,:-! 


49 


1 ' '^ 






Africa: 


28 
10 
87 
21 

245 


26 

S 

80 

19 

238 


1 

1 
2 
4 






1 


South Africa 


Zaire 


Other Africa 


Total Africa 


390 


372 


3 








Other countries: 


106 
65 


100 

63 






All other 




Total other countries 


171 


It. 3 


1 










14, 14V 


13,211 


3"^ 


— 






International and regional 


1 


1 


- 


- 




-•'..143 


-.;:;. 


j-q 










l.ess than J5CJ,iXX). 



jm/c nrj 



107 



^CAPITAL MOVEMENTS 



Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States 
Table CM-IV-4. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Type 









(In 


millions or iJL 


liars 1 












Total 

short-term 
liquid 
claims 
(1) 


Payable in dollars | 


Fa,yable in foreipn currencies 




Total 


Deposits 1 


Short-term 
investments 1/' 
(5) 


Total 
(6) 


Deposits 




or month 


i^emand 
(3) 


Time 
(4) 


Demand 
(7) 


Time 
(8) 


Short-term 
investments 1/ 
(9) 


1965 £/■' 


( z 

f 1,07:- 
^1,1. 

i,6^e 

\ 1,401 
1.141 

f l.b48 

3,164 
:<,357 
3,793 
',419 

4,433 

4,964 
5,196 
4,947 

5,178 
5,140 
4,725 
4,897 
5,123 
5,419 

5,158 
5,575 
6,266 


QUI 

1 , 306 

l.Obt- 
1,-3.32 

1,d15 
1 , Obb 

2,625 

2,660 

3.038 

4,802 

3,750 
4, 2b9 
4,520 
4, 323 

4, 566 
4,559 
4,078 
4,326 
4,601 
4,802 

4,742 

4,941 
5,67-! 


10 
19 

58 

uu 
btj 

28 


557 
549 
699 

?fn 
1,192 
351 


114 
57 

48 

133 
133 

87 

116 
161 

150 

203 
127 

169 
55 

37 

69 

332 

373 

393 
412 
426 
345 

360 

419 
370 
391 
387 
373 
368 
377 
455 


219 

168 

177 
178 

• '32 

250 
269 

294 

■<54 
(02 

350 
408 

539 

097 

755 

617 

683 
696 
676 
624 

612 
581 
647 
571 
522 
617 
616 
634 
614 


45 
45 

40 

50 
51 


90 

86 

69 

77 
77 


92 


1966 


88 
59 
49 


1967 2/ 


1968 


49 

60 
76 


1969 2/ 


174 
183 

173 

234 
2 34 

307 
340 
435 
429 
509 

332 

430 
428 
441 
426 

419 
368 
438 
339 
307 
332 
308 
336 

312 


1970 


1,062 
697 

1,092 
1,078 

1,446 

1,910 

2,588 

2,591 

2,706 

4,429 

3,357 
3,856 
4,095 
3,978 

4,206 
4,140 
3,707 
3,935 
4,213 
4,429 

4,375 
4,564 

5,2ir 


86 
121 


1971 2/ 


120 


1972 2/ 


68 
42 


197! 


68 
105 


197,4 


268 


1975 


246 


1976 


286 


Ig76-Mar 

Apr 

May 


253 

267 
234 
198 


July 

Aug 

Sept 

Oct 


192 
213 
210 
232 


Nov 


216 


Dec 


286 




308 
298 


Feb 




302 















Note: Data represent the liquid assets abroad of large nonbanking 

concerns in the United States. They are a portion of the total claims 
on foreigners reported by nonbanking concerns in the United States and 
are included in the figures shown in Tables CM-IV-1 through CM-IV-3. 

1/ Negotiable and other readily transferable foreign obligations payable 
on demand or having a contractual maturity of not more than one year 



from the date on which the obligation was incurred by the foreigner 
2/ Data on the two lines shown for this date differ because of changes 
in reporting coverage or classification. Figures on the first line 
are comparable to those shown for the preceding date; figures on the 
second line are comparable to those shown for the following date. 



Table CMIV-5. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Country 

f Position at end of period in millions of_dollare) 





Calendar ye ir 


1 1076 




1 


077 


Country 


1972 


1973 


1974 


1975 


1076 


Nov. 


Dec. 


Jan. 


Feb. 


Mar. 




25 

n 

17 

21 
012 

562 
137 
114 


51 

IS 
10 
lb 

b 
1.116 

765 

580 

306 


10 

12 

15 
1 . 350 

067 

001 

308 

134 


bl 
IJ 
29 

14 
08 

1 , 304 

1,156 
540 

254 


56 

21 

3 

12 

72 

1,335 

1,539 

1,247 

110 

438 


61 

2'] 

4 

10 

122 

1,693 

1,552 

1,059 

1'6 

414 


■■8 

21 

3 

12 

72 

1,835 

1,539 

1,247 

110 

488 


50 

59 

11 

3 

14 

105 

1,851 

1,291 

1,31^ 

127 

535 


66 

35 

4 

3 

23 

22 

1,844 

1,321 

1,396 

164 

697 

5,575 


70 




45 




36 


Italy 


3 




17 




31 




1,871 




1,458 








147 

893 










•3. 37^ 


s1d4 


? ,T'7 


3,793 


5,41^ 


5.123 


5,419 


5,358 


o,286 







Note: Data represent the liquid assets abroad of large nonbanking con- 
cerns In the United States. They are a portion of the total claims on 
foreigners reported by nonbanking concerns in the United States and 
are included In the figures shown in Tables CM-lV-l through CM-IV-3. 



1/ Through Decanber 31, 1972, Benimda Included with BabMO^ 

g/ Includes the liquid claims of $500 thousand or more held by 
concerns in any country not listed above. 



reporting 



108 



Treasury Bulletin 



CAPITAL MOVEMENTS. 



Section IV - Claims on Foreigners Reported by Nonbanking Concerns in llie United States 
Table CM-IV-6. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns, 
by Type and Country, as of March 31, 1977 



{Position \i\ million:^ oj" Jailn.i-cJ 





Total 

short-term 
liquid 
claims 




S'ayablo In rlollars 


'■ayyble in foreifm curr*?n' 


In 5 


Country 


Total 


Deposits 


Ghort-term 
investments 1/ 


Total 


Deposits 


Short-term 
investments 1/ 




(1) 


(2) 


(3) 


C) 


<5) 


(6) 


(7) 


Belgiuffl-Lujterabovirf; 




-,-, 


22 


_ 






. 


France 


.'.5 


/.^ 


19 


26 


« 


-M 


- 


Germany 


36 


13 


13 


- 


23 


23 


- 


Italy 


3 


2 


2 


- 


1 


1 


- 


Netherlands 


17 


« 


« 


- 


17 


17 


- 


Switzerland 


31 


8 


8 


- 


23 


23 


- 


United Kingdom 


1,871 
1,468 


1,815 
1,215 


1,809 
8U 


7 

401 


55 
253 


55 
43 


. 


Canada 


210 




1,707 


1,681 

34 


1,681 
31 


2 

1- 


26 
113 


9 
39 


16 




74 


All other countries g/ 


1 


Total 


..,;=-■.: 


':.r"- 


■-..■--■ 




rS!. 


.■12 









Note: Data represent the liquid assets abroad of large nonbanking con- 
cerns In the United States, They are a portion of the total claims 
on foreigners reported by nonbai^ing concerns In the United States 
that are included in the series pxiblished in Tables CM-IV-1 through 
CM-IV-3. 

1/ Negotiable and other readily transferable foreign obligations payable 



on iemand or having a contractual maturity of not raore than one year 
from the date on which the obligation was incurred by the foreigner. 
Includes the liquid claims of S500 thousand or more held by the re- 
porting concerns in any country not listed above. 
Less than $500,000. 



June 19^7 



.CAPITAL MOVEMENTS 



Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States 
Table CM-IV-7. - Long-Term Claims by Country 



109 



1/ Data on the two coliMins shorn for this date differ because of changes 
in reporting coverage. Figiires in the first column are comparable in 
coveraee to those shorn for the preceding date; figures in the second 
column are comparable to those shoim for the following date. 







(Position lit end of 


peri.od in millions of dollars) 












Calendar year 


V-C 


137.- 


Country 


1971 


1972 1/ 


1073 


1074 


n-c. 


ter. 


June 


3..pt. 


Deep 


Eurooe: 


1 

I'-i 

1 ', 

1?" 
1 ■: 
12 


]_ ".; 
". 

I'l 

V'-j'< 

16 

11 

7 


7 
7 


10 
2 


15 
1 
7 
53 
23 
21 

4'3 
P-'O 

42 
44 

3 

304 

11 

4 
11 
11 


12 

6 
57 
37 

15 

,1 
213' 

47 
59 

306 

3 
'. 

11 
17 

1,02... 


12 

43 
2 

10 
58 
34 
13 

211 
6 

10 
26 

47 

56 

3 

349 



15 
It. 


13' 
44 
1 
12 
57 
35 
12 
36 
211 
14 
14 
23 
47 
56 

365 
10 

17 
15 


13 
39 
1 
16 
58 
73 
10 

36 

211 

14 

13 

26 

47 

54 

1 

298 

10 

3 

17 

13 


11 
37 








6 6 j 






26 

7 
43 

^^ 

304 

lo 
o'? 
34 

101 
l.j 
13 


43 
9 

37 

5.1 
3 30 

331 
13 

25 

2-.0 
It. 

20 


59 




72 




9 


Italy 


34 




156 




17 




13 




33 




50 




57 


Turkey 


1 




297 




10 




2 


U.S.S.R 

Other Eastern Europe 


20 
15 


Total Europe 


'. t2 


;--7;^ 


n ^ =. 


1,051 


1,007 


.:f7J 


984 


053 


910 


Canada 


717 


:131 


1,141 


1,172 


l,,'O0 


i,4:''. 


1,473 


1,'".16 


1,511 


1,534 


Latin America: 


174 
217 

A 

30 

225 

7 


■■-3*:- 
30 

(-,0 

1.1 
'; 

30 
223 


':.0 

25 

137 

23'S 

32 

Ih 

4 
30 

13 


131 

145 

254 

12 



70 

40 

13 

13 

38 

230 

1 

12 


4A 

10 

137 

435 

13 



153 

112 

1'3' 

18 

154 

217 

3 

1 


171 

315 

13 

.0 

216 

115 

26 

IS 

459 
217 

21 


"7 
132 
312 

22 

9 

209 

115 

28 

18 

539 
278 

21 


37 
164 
306 

20 

9 

187 

133 

29 

18 

m 

20 


171 
244 

23 

9 

219 

138 

33 

19 
302 
289 

28 
2 


j^S 




36 


Brazil 


203 


Chil" 


248 




33 




9 








40 










273 


Other Latin American Republics.. 


27 


Other Latin America 


2 


Total Latin Ainerica 


■>,^7 


00? 


.55 


1,053 


1, 334 


l,t.33 


1,770 


l,t:.02 


1,547 


1,520 


Asia: 

China, People's Republic of 


l'> 
71 

a 

'■'.^ 

17 


}■' 

1 

17 

74 
156 
:35 
i:,3 
It. 
:-73 


40 

1 

16 

75 

133 

65 

63 

4 

31 


li] 
54 

4 
15 
37 
02 
125 
01 
35 

8 
■-'3 


4t. 
7 

11 

33 
123 
112 
164 

33 
6 

04 


24 
122 

00 
197 

5 
91 


53 

4 

5 
23 
129 

91 

195 

93 

5 

37 


48 

3 

6 

23 

161 

193 

92 

7 

3" 


3 

6 

34 

170 

30 

224 

86 

6 

80 


34 

2 

5 

89 

172 

80 

225 

86 

5 

72 


China, Republic of (Taiwan) 












Philippinp-s 






Total Asia 


';7i 


Si-,-1 


511 


613 


t.31 


669 


.3.3', 


710 


73i7 


771 


Africa: 


1 
7r> 


1 
72 


4 

2 

1 

73 


4 

22 

2 

87 


1 
17 

3 
98 


1 

31 

12 

125 


36 

11 

166 


1 

21 

11 

130 


3 

23 

11 

128 


2 




26 

10 

150 








Total Africa 




■37 


87 


115 


127 


l.:.S 


21, 


It •: 


1.3.5 


189 


Other countries: 


77 


li'JO 


20 
5 


32 
17 


20 


I'O 


21 


10 


19 


33 

17 








,_,-, 


105 


34 
3,662 


40 


40 
4,533 


?? 


56 


53 


52 
4.965 


51 




"^,Cto'3 


3,3bD 


4,OS4 


4/973 


■^,171 


5_l028 


^.'7!: 


International and regional 


, 


-1 

3 . 370 


4 


4 


5 

4.544 




6 


6 


6 


7 


T/'JbS 


3,666 


4.3157 


4,033 


' , 177 


',0 34 


4,070 


4.932 







2/ Through December 31, 1972, Bermuda included with Bahamas. 

2/ Through December 31, 1975, Surinam included with Netherlands Antilles. 

» Less than J500,000. 

p Preliminary. 



no 



Treasufj Bulletin 



.CAPITAL MOVEMENTS. 



Section V - Transactions in Long-Term Securities by Foreigners 
Reported by Banks and Brokers in the United States 
Table CM-V-L - Foreign Purchases and Sales of Long-Term Domestic Securities by Type 



(In millions oi" doliarj; negative figures imiicale net uales by t'oreigner^J or a net outflow of 



f! the United States) 



Calendar year 
or nonth 



Marketable Tronsurj' brmds and noter 



Net foreign purchases 



K'Tetcn ccuntrles 



Official 
instl- 
tut Ions 



Ions 



:t.her 
foreign- 
ers 

13) 



Inter- 
national 
and 
regional 



Gross 
fore ign 
purchase 

(5) 



Gross 

foreign 

sales 

(6) 



U.£. Govemraent 
Corps, and a^^encie.-. 



Net 
foreign 

purchase; 

17) 



Gross 

foreign 

purchase 

(8) 



Cross 

foreign 

sales 

(9) 



■ind other cecuritie 



onln 1/ 



Net 

foreign 

purchase: 

1101 



Gross 

foreign 

purchase; 

(111 



Gross 

foreign 

sales 

Hi) 



Net 

foreign 
purchase: 

(131 



Gr;ss 

foreign 

purchases 

nil 



Gross 

foreign 

sales 

1151 



wss 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1 "577- Jan.- Apr . p 

■1976-ADr 

May 

June 

July 

Aug 

Sopt 

Oct 

Nov 

Dec 

1977-Jin 

Feb 

Mar.o 



:. ,-■"> 

127 

512 

-728 

671 

-338 

-76 

-616 

-a 

-489 

-45 

56 

1,672 

3,316 

305 

-472 

1,995 

8,096 

2,653 

-338 

238 

1,205 

815 
729 
1,315 
1,019 
576 
735 

510 

1,505 
936 



369 



-59 

-20 

-■'4'^ 

48 

-380 

-U5 

-41 

1,661 

3,281 

465 

-642 

1,612 

5,117 

2,682 

457 

263 

717 



421 

229 
709 
823 



36 

95 

56 

30 

51 

59 

123 

-119 

-22 



277 
57B 

4 

-18 

54 



20 

23 

361 



.'73 

165 

224 

532 

-521 

302 

-315 

-151 

-427 

-121 

-161 

11 

-25 

130 

57 

-165 

101 

180 

2,702 

-607 

-799 

-7 

434 

.:''l 



.'Jul 

773 
-248 



1,224 

1,217 

1,730 

1,744 

1,780 

1,867 

1,149 

1,077 

680 

585 

443 

528 

691 

2,a4 

4,358 

2,738 

3,382 

8,898 

25,610 

9,968 

1,639 
892 

1,704 
1,762 
2,776 
2,651 
2,691 
4,021 
3,790 

1,932 
3,099 
2,811 



1,188 

528 

1,603 

1,231 

2,508 

1,196 

1,487 

1,153 

1,296. 

629 

932 

574 

634 

742 

1,043 

2,433 

3,854 

6,903 

17,514 

7,316 

1,977 

654 

499 

94? 
2,047 
1,336 
i;672 
3,444 
3,055 

1,422 
1,594 

1,876 



n.M. 
n.a, 
n.a. 
n.a. 
n.a. 
n.a, 
n.a. 
n.a, 
n.a. 
n.a. 
n.a. 
n.a. 
n.a, 
n.a, 
n.a. 
n.a. 



n.a. 
474 
n.a. 
n.a. 



n.a. 
n.a. 

n.a. 
n.a, 
n.a. 
n.a. 



83 
-2 
95 



n.a. 
n.a. 
n.a. 
n.a. 
n.a. 
n.a. 
n.a. 
n.a. 



n.a. 
n.a. 
n.a. 



n.a. 
n.a. 
n.a. 
761 
n.a. 
n.a. 
n.a. 

n.a. 

n.a. 

n.a. 
n.a. 
n.a. 
n.a. 

142 

58 
156 
40' 



n.a, 
n.a. 
n.a. 



n.a. 
n.a. 
n.a. 
n.a. 
n.a. 
n.a. 



n.a. 
n.a. 



59 
61 

61 

107 



17 

73 

50 

-99 

-51 

9 

176 

38 

1,011 

313 

1,964 

1,202 

956 

703 

1,381 

1,961 

l,039r 

766 

1,207 

662 

160 

22 

238 

151 
174 
-13 
238 

-4 

10 



322 

45 
30C 



369 

442 

317 

308 

256 

461 

675 

1,553 

2,243 

4,446 

3,054 

2,499 

2,967 

4,723 

5,828 

8,621r 

5,408 

5,529 

1,361 

570 
427 
393 

307 
411 



344 

296 

392 

415 

359 

2iA 

28i, 

637 

542 

1,929 

2,481 

1,853 

1,543 

2,263 

2,842 

3,867 

7,582 

4,642 

7C0 

41C 



156 
237 



154 
U7 
136 



-56 

363 

202 

323 

111 

198 

-349 

-413 

-333 

757 

2,270 

1,487 

626 

731 

2,188 

2,790 

540 

4,669 

2,753 

757 

411 

115 
254 

242 
91 
9 



126 
121 
222 



1,397 

2,224 

1,977 

3,C67 

2,260 

2,724 

3,076 

3,720 

4,740 

8,033 

13,118 

12,429 

8,927 

11,626 

14,361 

12,767 

7,636 

15,347 

18,227 

4,823 

1,595 
1,212 

1.432 



1,124 

1,226 

977 

i,;62 

1,425 
1,152 
1,101 
1,135 



1,454 

1,862 

1,775 

2,745 

2,149 

2,527 

3,425 

4,133 

5,074 

7,276 

10,848 

10,942 

8,301 

10,894 

12,173 

9,978 

7,0''*'- 

10, (-7? 

l',475 
4,056 

1,284 
1,097 
1,178 

1,353 
971 
1,U6 
1,321 
1,025 
1,287 

1,137 

1,036 

980 

913 



X' Dfttft Include transairtlana In iisues of states snd aunlclpalitles. Through 
Deeaiber 1976, dats «lso Included trsnsactlons In Issues of corporatlcos 
and other agencies of the D.S. OcrvemBsnt, 



p Prellnlnaiy. 
n.«. Not STsllable, 



Table CM-V-2. - Foreign Purchases and Sales of Long-Term Foreign Securities by Type 



'In millions of dollars; negative figures indicate net :.:ales by foreigners or a ne 



Calendar year 
or month 



1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976^.. . . _ .^^ 
1977- Jan. -Apr. p. 

1976-Apr 

May 

June 

July 

Aug 

Sept 

Oct 

Nov 

Dec 

1977-Jan 

Feb 

'.'.'1 r . p 

p Prelljsinary, 
r Revised. 



Net foreign 
purchases 
of foreign 
securities 



(1) 



-1,?63 

-750 
-645 



-1,044 

-728 

-953 

-685 

-1,320 

-1,695 

-1,547 

-915 

-984 

-622 

-818 

-2,034 

-eu.5U 

-8,976"r 

-707 

-382 
-491 
-575 

-1,877 
-489 
-454 
-369 
-482r 

-l,319r 



-49 

-483 

-118 

-57 



t outflow of capital from the Ignited Jtat.es) 



Foreign bonds 



Net foreign 
purchases 

(2) 



-1,026 
-512 
-562 

-°44 
-1,095 

-928 
-1,242 

-914 
-1,163 
-1,380 
-1,029 

-951 

_075 

-1,- ■! 

-2,218 
-6,326r 
-8,653r 
-478 
-422 
-449 
-532 

-1,749 
-478 
-427 

-368 
-4eir 
-l,323r 

- 374 

-56 
-18 



Gross foreign 
purchases 

(3) 



889 

945 

883 

802 

1,093 

991 

915 

1,198 

1,778 

2,024 

2,306 

1,552 

1,490 

1,687 

1,901 

1,474 

1,035 

2,383 

4.932 

2,626 

342 

373 

281 

440 
333 
363 
452 
455 
570 

818 
581 
628 
599 



Gross foreign 
sales 

:4) 



1,915 
1,458 
1,445 
1,262 
2,037 
2, CM 
l,i"..- 



2,.,..l 


2,601 


2,0:? 


2,4^-7 


1 25.. 


8,;08r 


13,585r 


3,104 


76'' 


C-^Z' 


^1 ■ 


2,18S 


811 
790 


819 


935r 


l,993r 


848 


955 


684 


617 



Foreign stoo^.s 



Net foreign 

purchases 

'5; 



-336 

-238 

-83 

-370 
-104 

'•1 



-157 

-314 

-517 

35 

-49 

409 

175 

184 

-188r 

-323 

-228 

40 

-42 

-44 

-129 
-11 
-27 



-62 
-39 



Gross foreign 
purchases 
(6) 



467 

566 

509 

595 

702 

696 

748 

906 

960 

880 

1,252 

1,519 

1,033 

1,385 

2,532 

1,729 

1,907 

l,542r 

1,937 

654 

182 

1^^ 

128 
123 
126 

132 
167 
217 

181 

130 
187 
157 



Gross foreign 
sales 



S04 

592 

966 

806 

644 

548 

617 

731 

1,037 

1,566 

2,037 

998 

1,43< 

2,123 

1,554 

1,723 

1.730 

2,259 

883 

143 

240 

205 

257 
134 
153 
133 
168 
213 

199 
238 
249 
197 



]inic IT 7 



111 



.CAPITAL MOVEMENTS 



Section V - Transactions in Long-Term Securities by Foreigners 
Reported by Banks and Brokers in the United States 
Table CM-V-3. - Net Foreign Transactions in Marketable Treasury Bonds and Notes by Cou 



ntry 



1/ Through Deoember 31, 1975, Surinam included with Netherlands Antilles. i/ 

2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, P 

and the United Arab Emirates (Trucial States). 



Includes Algeria, Gabon, Libya, and Nigeria. 

PrelijTiinary. 

Less than $500,000. n.a. Not available. 



'In million:: ■>■? d-ai.ir.. 


rir-j-'sitive :i 


'urf-;; indicatt^ net ■..ale;.: by !' r":gii^-r 


■Jl- 4 net -ut 


!■■ ■.•■* .•:i;.it 


il •■rviT. U.- 


uilv'i 2fit^. 










C.3lend 


ar Year 




1-V, 




Coiiritry 


197 -i 


1975 


1976 


l'-"77 
through 
Apr. p 


Nov. 


Dee. 


Jan. 


Feb. 


Mar. p 


Apr. p 


Eurocje: 


* 

5 

-1 

4 

16 

70 

5 

n.a. 


3 

17 
--! 

206 

10 
V'l 

26 

-129 

7 

n.a. 


1 

18 
';i9 

272 
1 

206 
122 
111'. 


-IC' 

346 

10" 

li. 
•>?.', 
-20 


211 

- 50 
13 


I'l 

-40 

13 

-1 


-I'-i 
U 

-1 

-10 
-19 


-1 

3 

.35 

37 


6 
20 
104 

200 
8 






-q 


Denmark 

Finland 

France 

Germany 


-6 

?18 


Italy 


2 


Netherlands 














Swi tzerland 

Turkey 


SI 
356 












U.S.S.R 

Other Eastern Europe 


- 


Total Europe 


■>■ 


200 


1,2.2 


1,17.'. 






- -o 


..■'4 


,.,, 


' -A 




131 


-.117 


-IIQ 


J 1 


-141 



















n.a. 
n.a. 

n.a. 

n.a. 
81 


20 
1 


1 
1 

fj 

3 
1 


-i 
115 

44 

-7 

-15 

1 


145 
-4 
-1 


7 


-1 

-7 


- 16 


109 

5 

-2 

-1 






, 












115 








_ 




* 




_ 




_ 




_ 




_ 




-65 


Other Latin American Republics 


-5 




_ 




-1 




- 






101 


11. 


1 '. 


l-_ 


1 




-21 


111 








(China Mainland) 


-l,0'>i 

n.a. 
n.a. 
n.a, 

n.a. 
n.a. 

J 200 I 


60 

-227 

n.a. 
n.a. 

.31 

1,797 


10 

-1 

-«.P3 
-10 

n.a, 

n.-:i. 

-21 

77 
3,gg7 


466 
SO 

20 
ol 

1,505 


-1 

-506 

n.a. 
n.a. 

40 

-21 
630 


100 
-10 

n.a. 

U..U. 

146 
140 


-1 

-5 
5 

30 
31 


124 

_5 
69 


1 
_ 

J17 
40 

''I 

-.'''8 




China, Republic of (Taiwan) 


- 




" 


India 


- 




- 




- 




51 


Korea 


41 




- 




- 




- 












- 




- 


Middle-East oil-exporting countries ^ 
Other Asia 




Total Asia 


1,660 


!.aV, 


2,152 


142 




31.; 




?■>' 


408 






Africa: 

Egypt 


-1 
n.a. 
n.a, 

] ''J 


n.a. 

1"! 


n.a. 

221 


-2ie 


n.a. 
11 


n..a. 


- 


-IMj 


-^■1 


- 




_ 




_ 




_ 




_ 


Oil-exporting countries 2/ 

Other Africa 


_ 


Total Africa 




170 


221 


-218 


U 




- 17 


_!'-.( 


-'-1 


- 




-"' 




- 


• 


- 


- 






11 








Total other countries 


_,,. 


- 






- 


- 






11 




Total foreign countries 


- ^' V 'I 


i,ci; 


" , :■■'» 


3,2'^' 




-■-' 


'-" 


'- 


1 . 16-; 


1.004 


International and reeional: 


*-- 


-44 


119 


-587 


150 
43 


250 


2"4 

-14 


1 


-2AS 
-1 


-1,382 




-10 




_ 


Asian regional 


- 




101 


1-0 


■,702 




1-1- 




2..1 


-73 


-"--' 


-1.392 


Orand total 




1 , '-t^'^' 


2,n<>' 


2,6^' ■■: 


576 




5ir. 


1 , 505 







112 



CAPITAL MOVEMENTS. 



Treasury Bulletin 



Section V - Transactions in Long-Term Securities by Foreigners 

Reported by Banks and Brokers in the United States 

Table CM-V-4. ■ Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country 

Ttjsltlon nt end of perioj In millions of dollars) 



Note: Data represent egtlmated official and private holdings of rmrkotoble 
U.S. Treasury securities with an original OBturity of more than one year. 
Data are based on a benchmark survey as of January 31, 1971, and the 
Bonthly transactions report. Country detail nay not add to the area 





Culendtir 'j':uv \ 


I'-. 


■V 


l^'T/ 


Co. intry 


\'r7i. 


I'TT; 


1976 


N,v. 


Dee. 


Jan. 


Feb. 


Var. p 


Apr. p 


Europe: 

Au3lr!a 


10 

1 

m 
9 

» 
6 
9 

1 

251 

30 

493 

76 
n.a. 

5 


18 
215 

16 

i.e 
I 

275 
55 

363 

«3 
n.a. 

J. 


1^ 

1 

36 

45 

764 

268 
J.9 

1 
191 
261 

4e'j 

198 
n.a. 

4 


14 

1 

17 

85 

746 

288 
49 

1 
192 
291 

433 

178 
n.a. 

4 


14 

1 

36 

45 

764 

288 
49 

1 
191 
261 

485 

198 
n.a, 

4 

2,3.-:o 


14 

I 

18 

55 

764 

287 
49 

1 
191 
271 

476 

179 
n.a. 

4 


14 

1 

18 

58 

789 

367 
49 

1 

168 
324 

512 

178 
n.a. 

4 


17 
U 

1 
24 
79 
893 

5 

387 
49 

2 
188 
317 

713 

186 
n.a. 

4 


14 


Donmork 

Fl r.lanil 


1 
18 




79 




1,112 




5 


Italy 






388 




49 




K 


Spain 


2 




188 




397 




m 


United Kingdom 


1,069 


Yugoslavia 






177 


Poland 1/ 

U.S.S.R 

Other Eastern Europe 


n.a. 

4 


Total Europe 


fB5 


i,i;e5 


2,33" 


2,3a3 






■ , 505 




•;i-- 


?Q^. 


2'r 


2 50 


y±. 


'" 




— t 


268 






Latin Anerica; 


n.a. 
n.a. 

n.a. 

n.a. 


4 

1 
n.a. 

4 

3 
n.a. 
n.a. 

161 
6 


1^ 

n.a, 

21 

n.a, 

149 

12 

n,a, 

n.a. 

lie 
11 


5 

n.;t. 

21 

n.a, 

149 

4 
n.a, 

n,a, 

115 

11 

302 


5 

• 

n.a. 
21 

n.a, 

149 

12 

n.a. 

n.a. 

lis 
11 

312 


4 

n.a, 
20 

n.a. 

149 

n.a, 
n.a. 

125 
15 


4 

n.a. 
20 

* 

n.a. 

149 

5 

n.a. 

n.a. 

121 

2 


4 

* 
* 

n.a. 
21 

n.a. 

258 

10 

n.a. 

n.a. 

120 


, 




4 




*• 


Chile 


« 




115 


Cuba 






^ 1 


Mexico 


21 








, 




n.a. 








103 


'In American Republics 


5 






Other Latin America 


119 




100 


200 


312 


315 


29a 


405 


, ,-j 






. eople's Republic of 




1 

♦ 
3,498 

n.a. 
n.a. 
n.a. 

n.a. 
n.a. 

208 


61 

¥ 

n.a. 
n.a. 
n.a. 
31 
n.a. 
n.a, 

2,005 


71 

2,687 

n.a. 
n.a. 
n.a. 

10 

n.a. 

n.a. 

78 

6,486 

1, 321 


73 

2,587 
2 

n.a. 
n.a. 
n.a. 

10 
n.a. 
n.a. 

78 
6,200 


71 

2,687 

n.a. 
n.a. 
n.a, 
10 
n.a, 
n,a, 
78 
6,486 

'-1,323 


70 

* 
2,682 

n.a. 
n.a. 
n.a. 

39 
n.a. 
n.a. 

78 
6,771 


70 

2,806 

n.a. 
n.a. 

n.a. 

39 

n.a. 

n.a. 

78 

7,345 

10,330 


71 

3,123 

32 

r. . --1 . 
r-.-i. 

n.a. 

n.a. 

7E 

7,726 


* 




„ 


Indie.... !..!.]!!"..!"!!"!! 


71 






larael 


» 


Japan 


3,174 




72 






Malaysia y 




Pakistan X/ 




Philippines 


29 


Singapore ^ 




Syria y 








Other Asia 


8 052 






Total Asia 


?,7n9 


•j , 370 


'-,n50 


9,^ 37 


11,058 


11,476 


Africa: 


n.a. 
n.a, 

152 


n.a. 
n.a. 

* 
322 


n.a. 
n.a. 

^43 
543 


n.a. 
n.a. 

543 
54 3 


n.a, 
n,a. 

543 

5^3 


n.a. 
n.a. 

50-/ 

501.-, 


n.a. 
n.a. 

357 


n.a. 
n.a. 

306 








Liberia 1/ 


n.a. 




n.a. 










Other Africa 


106 


Total Africa 


1^1 


J21 


356 


305 


105 




Other countries: 










■ 






11 


• 


All other 


■- 










■ 




■ 


. 


11 


2T 




5.557 


7,J72 


12,765 


1^,337 


12,765 


13,014 


13,746 


14.930 


16,024 






IntemationHl 


97 
53 


!22 
9 


2,<iC5 
128 


2,655 
71 


2,<i05 
128 


3,180 
lU 


;,94f 
119 


118 


2,318 






~ 




108 


African regional 






150 


331 
7,702 


. ■-■1'' . 


2,726 


3,03 3 


3,294 


4,067 
17,813 


:,?19 


2,426 




5,708 


15,798 


15,06-- 


15,798 


16,308 


18,74-5- 









totals or to Grand total. 
1/ Holdings included in respective "Other" eeographlcal areas. 
2/ Through December 31, 1975, Surlnan Included with Netherlands Antilles, 
p Prelijainary. 
• Loss than J500,000. n.a. Not avaUable. 



Jinic l*-P7 



CAPITAL MOVEMENTS 



115 



t\n n.illi 



Sections V ■ Transactions in Long-Term Securities by Foreigners 

Reported by Banks and Brokers in the United States 

Table CM-V-5. - Net Foreign Transactions in Long-Term Domestic Bonds, 

Other than Treasury Bonds and Notes, by Country 

^l" d'-jiiara; negative figures indicate net. 3ale3 by rorelt'ner:- ..>r a net i.iitflir.w of capital froin the United Gtat 







Calendar year | 


1 


]"■- "' ■ 


C OUT. try 


1974 


1975 


1976 


lt'77 
througli 

Apr. p 


Nov, 


Dec. 


Jan. 


Feb. 


Mar, p 


Apr. p 


E^jrope: 


-1 

-15 

96 

-I'j 

18 -f 

in 
1 

n.a. 


b 

1 

82 
-6 

-T 
_o 

1 

117 

-52 

-14 
n.T. 


-24 
-10 

-49 

-3 

-10 

-2Q 

5 

158 

-7 
n.a. 


1 

5 

-15 
1 

-10 

29 

-1 


5 
4 

1 
-1 

15 


-1 
1 

7 
1 
-4 

1 

-20 

1 
1 '■ 

n.a. 


1 

-5 
-2 

-1 

-11 
15 

8 


-1 
-1 

-? 
4 

-1 

-2 
26 

-1 


3 

-2 
1 

1 






1 

-5 
-4 


DenmarV 

Finland 

France 

Germany 








-7 


















-4 




United Kingdom 


109 






Other Western Eui'ope 

Poland 

U.S.3.R 

Other Eastern Eui-opi? 


- 


Total Europe 


7"lr 


Hi 


"1 


4b-- 






8 


.'81 


75 


1U2 




a? 


IPr- 


oc, 


7i.' 


lij 


7 


11 


55 


-■' 






6 


Latin Ameri!!a; 


1 
-1 

-2 

n.3, 
5 

6 

n.a. 
1 
2 
1 

n.a. 

n.a. 
'6 


-1 
O 

2 

2 
10 

-1 


1 
11 
20 

15 
1 


2 
1 

'< 
2 

'^ 

-2 
9 
-1 


1 
1 

1 

1 
-1 


1 

-3 

1 
5 
1 

-4 


1 

5 

1 
-4 
-1 
1 
2 
-7 


1 
1 

-3 

5 
-1 


-4 
1 

1 

3 

-1 

1 


* 




3 








* 




* 




_ 




« 




« 




« 




« 




_ 




* 




1 


Other Latin American Republics 


1 


British West Indies 


-2 




* 


Other Latin America 


- 






<1 


-4 


7 




27 


-' 


8 


1 


3 






Asia: 

China, People's Republic of 
f China Mainl'ind) 


-1 

1 
-264 

n.a, 
n.a. 
n.a. 

n.a, 
n.a. 

^^ 'f 

J 892 V. 

6 ■:2 


-48 

n.a. 
n,a, 

1,553 


2 

-137 

1 
n.a. 
n.a, 

-32 
1,179 


1 

-12 

1 

* 

* 
538 


1 

n,a. 
n,a, 

-6 
74 


-.iO 

n,a, 
n,a, 

-15 

-21 


1 
59 


1 

1 

-10 

-7 


-1 

-7 

1 

48 




China, Republic of (Taiwan) 


- 




" 




- 




- 




* 




3 




- 




* 




* 




- 




* 




* 




- 




" 


Middle- East oil-exporting countries 2 




Total Asia 


1 , 518 


1,014 


528 


bD 


-65 


60 


-15 


42 


442 


Africa: 


n.a, 
n.a. 

) :f 


n.a, 
5 


1 
n,a. 

-26 


. 


n,a. 


1 
n.a. 

-15 


• 


• 


• 


- 






Liberia 








South Africa 




Zaire 
















-:: 


-2 


-14 






" 


Australia 


10 


1 


-21 


- 


• 


-2 


♦ 


■ 


- 


* 




10 


1 


-21 


. 


■ 


-2 


• 




• 


• 


Total foreign countri es 


l,'j::?:r 


1,7 V, 


1,248 


1,068 


110 


6 


73 


326 


112 


553 




-4Q7 
li 


-1,0 m 
1 


5 

-46 


tl 


-12"J 
15 


-17 
21 


-6 

lij 


- 


;o 


24 












- 


Total international and regional 

(irand total 


-.',8-: 


-1.02Q 


-41 


.7 


-11'. 




- 


-' 




''-' 


l.OjQr 


766 


1,207 


1,1. '.o 


- 


10 


78 




140 


'^8 


1/ Through December 31, 1975, Sur 
2/ Includes Bahrain, Iran, Iraq, 


Lnam includec 
Kuwait, Oman 


with Nether 
Qatar , Saud 


lands Antille 
i Arabia, anc 


the J/' 
P 


United Arab E 
Includes Alge 
Preliminary. 


mirates ^Truc 

ria, Gabon, L 

Less 


ial States), 
ibya, and Ni 
than $500, 00( 


eria. 
). n,a, Nr 


t available. 





114 



Treasury Bidlletin 



.CAPITAL MOVEMENTS. 



Section V - Transactions in Long-Term Securities by Foreigners 

Reported by Banks and Brokers in the United States 

Table CM-V-6. - Net Foreign Transactions in Domestic Stocks by Country 



(Ir. millions oi" J^lUr^i; negative riKurcji W.dlcute net Gule:; by forel^^rer; or a iicl r-utrii. ul' ;a'jit.al ;"rQm the United States) 



Country 



Cnlonrfnr Yeor 



1977 



1Q76 



Mar. p 



Evirope : 

Aiistria 

Belfriiim-Luxeabourg. . . 

Denmoric 

Finland 

France 

Germany 

Greece 

ItaO^ 

Netherlands 

Norway 

Portugal 

Spain 

Sweden 

Swi tzerland 

Turkey 

Unl ted Kingdom 

Yugoslavia 

Other Western Europe. 
Poland 

u.s.s.a 

other Eastern Europe. 

Total Europe 

Canada 



Latin AjserlcQ : 

Argentina 

Bahamas 

Brazil 

Chile 

Colombia 

Cuba 

Ecuador 

Mexico 

Panama 

Peru 

Trinidad and Tobago 

t-'ruguay 

Venezuela 

Other Latin American Republics. 

Bermuda 

British West Indies 

Netherlands Antilles 1/ 

Other Latin America 



Total Latin America, 



Asia ; 

China, People's Republic of 

(China Mainland) 

China, Republic of (Taiwan) 

Hong Kong 

India 

Indonesia 

Israel 

Japan 

Korea 

Lebanon 

Malaysia 

Pakistan 

Philippines 

Singapore 

Syria 

Thailand 

Middle-East oil-exporting countries^ 
Other Asia 



Total Asia. 



Amco : 

Egypt 

Ghana 

Liberia 

Morocco 

South Africa 

Zaire 

Oil-exporting countries ^. 
Other Africa 



Total Africa. . 

Other countries : 

A'ustralla 

All other 



Total other countries.... 
Total foreign countries.... 

International and reirJonal : 

tntematlonal 

European regional 

Latin American regional.. 

Asian regional 

African regional 



Total international and regional. 
I'lrand t.otal 



-1 
59 
-5 

203 

39 

7 

-3 

330 

-10 

3 

-3 

-1 

36 

-3 

-377 



-45 



17 

5 



-2 

-45 

-1 



} .: { 



n.a. 
n.8. 



) ;{ 



■'1.0 



11 

84 
5 

-1 
262 
251 

10 

m 
359 

-2 

13 

2 

899 

594 

-1 
n.a. 



361 



2 

7 

1 

-1 

1 

1 
6 
15 



2 

2 

-1 

-18 

-22 



1 

87 



2 
22 

13 
n.a. 



1,640 
10 



9 

10 



15 

1 



Ir 



-40 

-2 

1 

256 

68 

3 

-4 

-199 

-8 



-100 

1 

340 

16 
n.a. 



-1 
3 



1 
35 
-4 

1 

-1 
16 
-1 
75 
-15 
45 



5 
54 

7 

-3 

67 



n.a. 
n.a. 



13 

,7*^1 



3 
-2 

15 
27 
1 
-12 
2 
1 
1 
3 

-i 

130 

177 
1 



2 
5 

1 
-8 

3 
41 



13 
1 



-25 

-13 



-3 
-29 



-4 
-44 



-2 

-1 

5 

2 

18 



-1 

-11 



i/ Through December 31, 1975, Surlnani Included with >!'* 
g/ Includes Bahrain, Iran, Iraq, Ku«bU, Onan, ^tar, 
the United Arab Enlratea CTruclal Slatea). 



2/ Includes A!,"'- 
p Prellminar:/, 
" Less than S' 



37 
24 



-3 
-35 



2 

-18 



-2 
-1 



27 

1 

1 

-1 

24 



-1 
39 



130 



1 
1 

-1 
-1 
-1 

-1 



100 
2 



-10 
-7 

-3 

-5 
1 

3 

1 

23 



-1 
2 

12 



-5 

-10 



30 
55 



1 
1 
-1 

12 

14 







. 






• 


-] 


10 


7 


' 




• 


" 




• 


- 




• 


-19 


-6 


-5 


m 




« 


- 




1 


■ 




• 


■ 




* 


- 




• 


-1 


_2 


4 


_ 




» 


- 


»• 


• 


^0 


17 


07 


• 




" 


1^ 


.^0 


!::■ 






. 


-1 




• 


. 




* 


■ 




• 






• 


■ 


-? 


. 


- 




* 






-1 






- 


1 


1 


-1 


1.-- 


llr 


::.:-. 




*; 


I 


- 


_ 


- 


- 


_ 


- 


- 


_ 


- 


- 


_ 


- 


2 


5 


i 


126 


121 


2?? 



-6 

38 

1 

-3 
-7 
-1 



-1 

38 



47 
1 



-5 

1 
18 



r Revised. 



} II lie IV 7 



.CAPITAL MOVEMENTS- 



Section V - Transactions in Long-Term Securities by Foreigners 
Reported by Banks and Brokers in the United States 
Table CM-V-7. - Net Foreign Transactioi s. in Long-Term Foreign Bonds by t:ountry 

ncjicate net sales by ror- ii'neri: ' )i- a net outflow of cat)ital Trom the United Ctale^l 



utiv. fiirm-e 



115 



Co'intry 



Calendar year 



1977 
through 
Apr. p 



I'T'" 



Apr. p 



Europe : 

Austria 

Belgixiro-Luxembourg .. 

Denmark 

Finland 

France 

Germany 

Greece 

Italy 

Netherlands 

Norway 

Portugal 

Spain 

Sweden 

Switzerland 

Turkey 

United Kingdom 

Yugoslavia 

Other Western Europe. 

Poland 

U.S.S.R 

Other Eastern Europe. 

Total Europe 

Canada 



Latin America : 

Argentina 

Bahamas 

Brasi 1 

Chile 

Colorabi a 

Cuba 

Ecuador 

Mexico 

Panama 

Peru 

Trinidad and Tobago 

Uruguay 

Venezuela 

Other Latin American Republics. 

Bermuda 

British West Indies 

Netherlands Antilles 1/ 

Other Latin America 



Total Latin America. 



Asia : 

China, People's Republic of 

( Chi na Mainland ) 

China, Republic of [Taiwan). 

Hong Kong 

India 

Indonesia 

Israel 

Japan 

Korea 

Lebanon 

Malaysia 

Pakistan 

Philippines 

Singapore 

Syria 

Thailand 

Other Asia 

Total Asia 

Africa: 



Egypt 

Ghana 

Liberia 

Morocco 

South Africa. 

Zaire 

Other Africa, 



Total Africa 

Other countries : 

Australia 

All other 

Total other cour.tries. . . . 

Total foreign countries.... 

International and regional : 

International 

European reg ional 

Latin American regional. 

As ian reg ional 

African regional 



Total international and regional, 
r.rand total 



II 
-?^ 

1 
-1 
-1 



-Vj 
n.a. 



I 
-11'"' 



n.a. 

ri . a . 

n.a, 

1 

n.a. 

I 



,2ie 



16 
b 
1 



2S 

1": 

-lOQ 



n.a. 
1 



II. a. 



n.a . 
n.a, 

n.a. 



n.a. 
2Ar 



-t,i tr 



-1^ 

10 



-117 
1 



n.a. 
n.a. 



n.a. 

n.a. 



n.a. 
10 



- 


■■:o 


-lc.J 


19 


-1S5 


-411 


-«,133r 


-h,75lT 


-1,577 


-an 

-2?7 


-2 , lo? 


-l,'-«2 



-S,6^3r 



-77 
12 



-■: 


-9 


n.a. 


-1 


- 


- 


* 




-iAt"!" 


-21 


-M=.,r 


-'■''- 


, 


J 


-56 


2 


-12 


2) 




2 


1 


2 



4 

IC 



-123 
-215 



1/ Through December 31, 1975, Surinam included with Netherlands Antilles. 

p Preliminary. 

♦ Less than $500,000. n.a. Not available. 



n 


a. 




*• 




1 


n 
n 


^' 




1 







n.a. 
n.a. 
n.a. 

n.a. 
n.a. 



-197 
-349r 



-132 

-ieir 



-55 
-IIQ 



-U 

n.a. 
n.a. 
n.a. 

n.a. 
n.a . 



-l,323r 



-2 
11 



291 
-1 



-3 

-15 

-9 

1 



-134 



6 
1 

2 

1 

3 

15 



-6° 



77 
1 



1 
-1 



-16 
-146 



-3 
-13 

-30 
-1 



-4 
-3 
-2 

I 
3 
58 



-11 
-1 



-13 
3 



116 



Treasury Bu/Ietw 



.CAPITAL MOVEMENTS. 



Section V ■ Transactions in Long-Term Seturities by Foreigners 

Reported by Banks and Brokers in ihe United States 

Table CM-V-8. • Net Foreign Transactions in roreign Stocks by Country 



■ :n DilHon.': or .ioll 


ir::; necfitlvt 


rlrur'^^ liidli iLc not :-■'*! 


e;; by I'oreiri 


or. or M net outl'low or ^^H 


pltul fror-i the United States) 








Calendnr yenr | 


1976 


1977 


■r.o.mtry 


197/. 


1975 


1''76 


1977 
through 
Apr. p. 


Nov, 


Dec, 




y... 


Van . [ 


Apr.p 


Europ*: 

Alia tr I. 'I 


-76 
10 

1 

-1° 

-1 
n.o. 


1 

-1 

-J 

-.'4 

2" 

/. 
1 

-1 
-1 
/." 

-7 
n.a. 


-lii 

-119 

If 

1 

18 

-i:'7 

-8 

-1 

5 

-41 

-87 

1 
n,a. 


-."2 

-2 

-113 

1 
-10 


-2 
6 

22 
1 

-1 
-18 

n.a. 


-1 
-14 

1 
-8 

n.a. 


-5 

1 
-1 

-2 
-34 

-1 
7 


-6. 

-54 

-A 
-8 


-6 

-1 

1 

-9 
1 






-5 


Denmark 


- 




1 




2 






Italy 






-16 




• 








1 




• 




-3 




- 


Unl ted Kingdom 


-8 




- 




■ 


Poland 




U.S.S.R 

Other Eastern Europe 


'. 


Total Europe 


-i5iV 


54 


-195 


-151 


5 


-,'., 


-35 


-7; 


-It 


-2^' 


Canada 


18 


-100 


-14 


-14f 


-5 




-'•■:> 


-■■■-■ 


-44 


-42 






Latin America: 


n.i. 

5 

n.a. 

n.a. 
I 


-2 

n.T. 
2 

1 

n.a, 

1 
n . ■! . 
n..T. 
-15f 

6 


-1 

n.a. 
10 
-1 

n.a, 

n . '1 . 
-8 


- 


n,a. 

n,ti. 
n.'j. 


-1 
-1 

n.a. 

n.ri, 

n.a. 

1 


• 


1 

1 


-1 




Bahanas 






-1 


Chile 








Cuba 
















Peru 
















Other Latin American Republics 


_; 








6 


Other Latin America 


- 




11 


-156 


-, 


1" 


-2 


> 


2 


1 




-. 






China, People's Republic of 


-1 

-1 

;! 
512 

n.a. 
n.ti. 
n.a. 
-9 
n.a. 
n.a. 

J 


-9 

n.a. 
n.a. 
n.a. 
* 
n.a, 
n.a. 

9r 


2"^ 

-2 

^b 

n.'i. 
n,a. 
n,a. 
1 
n.a. 
n.a. 

13 


9 

-1 

c 


5 

-6 

n,a, 
n.a. 
n.a. 

n.a. 

n.a, 

2 


1 

14 

n.a, 
n.a. 
n.a, 

n,a, 
n,a. 


43 

n 
* 


-1 

-13 
* 

* 
4 


2 

-7 

2 


. 




• 




6 


India 


" 




- 


Israel 


- 




U 




- 






Malays la 


- 


Pakistan 


- 


Phillpplr.es 


• 




- 


Syria 


- 




- 


Other !^ir, 


1 




'.06 


2r 


71 


= s 


1 


15 


45 


-10 


22 






^"t^. , 


n.a. 
n.a. 

4 


n.a, 
n,a. 

11 

-1 


n.a. 
n.a. 

12 


-3 


n,a. 
n,a. 


n,a, 
n,a. 


-1 


1 


-3 






















Zaire 




Other Africa 






3 


li. 


12 


--) 


- 




-1 


1 


-■• 











Other countries: 


1 


- 


-5 


1 


- 




■ 


- 


i 






All other 






1 


■ 


-5 


1 


- 




- 


- 


1 








184 


-190r 


-"•27 


-22'-- 


-2 


- 


-10 


-10= 


-62 


-3 


3 " 






IntematIor.al and retrlonal: 


• 


1 


- 


; 


- 


- 


- 


- 


- 


_ 




- 




- 




- 


African regional 


- 






1 


4 




- 


- 


- 


- 


- 


- 




ISi. 


-IfPr 


-323 


-228 


-: 


- 


-19 


-109 


-62 


-39 



i/ Through Dccenher 31, 1975, Surinam Included with lietherlands Antilles, 

• Less than »500,000, 

p Prelloinary, n.a. Hot available, c Revised 



jinu nn 



117 



.CAPITAL MOVEMENTS. 



Section V ■ Transactions in Long-Term Securities by Foreigners 
Reported by Banks and Brokers in the United States 
Table CM-V-9. ■ Foreign Purchases and Sales of Long-Term Securities, 
by Type and Country, During April 1977 Preliminary 









( 


In iillli 


ris <-..f i 


jll-.rs) 




















Gross piirchases 


by fore 


gners 




1 


nross sales by f 


areigners 










Domestic securities I 


Foreign 
securities 




[(Omestic securities 1 


i'orei 


-n 




Total 
pur- 
chases 

■'11 


Market- 
able 

Treasury 
', Federal 
"inane ing 
Ban>: bonis 
':■ notes 


Bonds 
of U.S. 


Corpor 
other 


te V 


l''_'tal 
sales 


Market- 
able 

Treasury 
& Federal 
Flnanc ing 
Bank bonds 
4- notes 

!9) 


Bonds 
of U.S. 


CorpiiT- 
other 




ties 


Country 




Bonds 






Bonds 

1- 






Corp. and 
Federally- 
sponsored 
agencies 


Bonis 


3toc:-LS 


jov ' t 
Corp. and 
Federally- 
sponsored 
agencies 
10 > 


Bonds 
11' 


Stock;; 


.^tocS-.S 


Eu£OEe: 


44 

29 
11? 

4 
14 
74 

4 

17 
3^ 


1' 

20 
12 

1E0 


1 
3 

11 
84 


'1 

1 

1 
1 
1 

1 
•:1 


1 

•-3 
9? 

4 

4=^ 

1 

1 
271 

1^9 


1 
1" 

1 

28 
44 

2 

17 
1 

2 

9t:, 

198 

4 


1 

11 
1 

14 


131 
117 
2 
21 
106 

1 

U7 

1 

■"1 


24 

11 
16 

■:0 


11 


9 

4 

1 

1 
35 

14 


? 
^C 
1 

1 9 
1 

■"■1 
1 

2J3 

112 
I 


30 
3- 
2 
3'^ 

11 

1 

1 

3)r" 

\"2 












Finland 


- 




























- 








9 






22 










• 






U.S.S.R 








Total Europe 


2,1'-? 


■>,E 


llD 


112 


tee 


427 


l.'l? 


133 


"''--^ 


'', ■/: 




Caflada 


229 


If 




21 


144 


19 


28 


■:25 


21 


1 


14 


149 




"n 






Latin America: 


1 

:o 

11^ 

11 

11 

1 

9 

22 

t5 


11? 
lf> 


-_ 


1 

11 

1 
1 


1 
1 

1 

I 
42 

2 
52 


1 

10 

1 
4 

21 
1 

37 


1 

1 
4 


1 

12 

1 

g 

U 

1 
69 
26 
'-2 

39 


65 
21 

1 


: 


1 
10 

1 
1 


1 

4 

1 

4'' 
1 


1 


























































, 
















"!"'■ 


131 




21 


122 


89 


12 


246' 






19 


101 


2? 








(China Mainland) 


IS 

37 
1 

l.ri77 

1.471 


_ 

?? 

169 

28 

444 

1:94 


211 


272 

279 


1-^ 

1 

18 

1 
f 

128 


3 

1 
12 

I 

4 
3 

20 


1 

?P 


18 

15 
SO 

128 
1 

12 
43 

196 


2 

128 

10 
40 

ICP 


2 


2 

17 


14 

1 
22 

1 
I 


3 
13 

2 
1 

13 






















43 




Korea . 




























Thailand 


1 








212 


174 


4'- 


'■8 


494 


23t. 


28 


- 


^ 


i.r 


Alrita: 


1 


- 


" 


: 




- 


^ 


1 
1 


- 


- 




1 




- 








. 




1 








_ 






Total Africa 


-'. 




_ 


- 








21 


- 


- 








gther eotfitriss: 

Australia 


J3 


32 
12 


- 






; 


1 


20 


- 


: 


- 


1 


1 




, 






1 


2< 
2,402 


20 




- 


911 


1 


19- 




i,J75 


l,t43 


328 


433 


1.13 


,j2 


1^-. 


"48 




131 




International and regional: 


?37 


454 


1C 


3 




17 


1.881 

75 
36 

1,992 
4,394 


1,866 
10 


2(-' 


- 


- 


3 


' 




- 






Asian regional 






5e< 


484 


77 






1- 




1 . "•■ 


n 






■ 




'Grand total 


4,8?9 


2,126 


,0-, 


4 36 


1.13 


599 


15' 


2,424 


107 


13t 


913 


617 


197 



» Leas than $500,000. 



118 



Treasury Bulletin 



:apital movements. 



Section V - Transactions in Long-Term Securities by Foreigners 
Reported by Banks and Brokers in the United States 
Table CM-V-10. - Foreign Purchases and Sales of Long-Term Securities, 
by Type and Country, During Calendar Year 1976 









( ill raili icjri 


; 'jT li.lifi 




















Gross pu 


-x'hases 


jy forelt:: 


ers 






Gross 


sales \y fcT*;," 








Total 
purchases 


rornei- 1 : 


;-0''Ur: 


.k-L- 


FcT-i.jn securities 


Total 
sales 


Doniestic 


securities 


Foreign securities 


Country 


Marketable 
Treasury 

trOnf:;" dnd 


Cori-orate (ir.; 
other 


■■0: 
15 


:u... 


Marketable 
Treasury 

Lionds and 
nctes 


Conorato and 
olr.cT 


■■cno: 


StockE 




ycnds 


4: 






:i2) 


•z!ir,a:: 


6" 

1,215 

51 

852 

2,200 

2,500 

54 

268 

1,243 

64 

10 

102 

122 

•■ .040 

2 

5,150 

'45 
n.a. 

2 


6 

803 
207 
715 

1 
290 

1 

1 

64 

332 

598 

281 
n.a. 


'"'4 

1 

40 

162 

140 

1 

•2 

73 

5 

ip 
460 

1,205 

7 
n.a. 


eiD 

5 

1,423 

1,281 

52 

1 '4 

714 

48 

2Q 

4,318 

2 

2,073 

54 
n.a. 

1 


26 
277 

22 

4 

•07 

247 

7 

840 

* 

1 , ina 

r, , 1 . 


72 

] 1 V 
1 

1 


116 

1,'28 

1 , ->.: a- 

■■ ,. 1 
- ,. -1 

16 
8° 

1°7 

1 


5 

14^' 
126 

n.a. 


U 

108 

3 

50 

123 

190 

4 

43 

102 

7 

302 

1,183 

14 


■1 

85 1 

29 

4 

1,167 

1,213 

48 

138 

913 

56 

4,419 
1,733 

X 

n.a. 


270r 

108 

1. ■ 
1,'- 

4 
r..a. 


1 




65 




11 


Finland 






220 




99 








n 


Netherlands 










* 




3 




« 








- 


United Kingdom 


.■.'-< 




- 




« 


Poland 


n.a. 


U.S.S.R 

Other Eastern Europe 


- 




20,297 


3,299 


2,243 


11,103 


3 ,042 


610 


19,4it> 


2,G54 


2,152 


10,767 


3,490r 

;,709r 


1,005 






C^ada , 


i.Ofifl 


308 


147 


2,241 


555 


6?7 


?,9^4r 


447 


251 


1,916 


651 






Latin America: 


2o 

171 

52 

5 

8 

« 

8 

184 

274 

5 

15 
279 

204 
595 

in 
79<C 
11« 


2 

* 

* 
1 
1 

145 

151 

25 

19? 


4 

in 
9 

] 

1 

l" 
181 

8 
11 

?6 

96 


17 

^t 

112 

"4 

Q 

17 
541 

437 
1 


8 
46 
40 

? 

r..a. 

"•:8 

16 

3 

n.a. 

2 

45 

25 

n.a. 

n.a. 

54 

104 

386 


1 

8 

* 

M 

n.a. 
13 

3 

n.a. 
1 
1 
1 

n.a. 

n.a. 

14 


32 

229 

56 

2 

t 

6 
244 
263 

2 

11 
51 


1 
* 

6 

i-; 


2 

« 

8 

162 

1.^ 

2 

62 


17 

"4 

5 

n 

77 

n 

4t>8 

48 

391 

1 


12 

102 

52 

n.a. 

155 

15 

1 

n.a. 

1 

10 

2 

n.a. 

n.a. 

11 

26 






8 


Brazil 


1 
















n 




■ j 
















1 




1 


Other Latin American Republics.. 
Bermuda 


1 




n.a. 


Netherlands Antilles 


22 








2,778 


52<i 


382 


1,437 


49 


2,418 


412 


289 


1,282 


389 


46 






Asia: 

Chlna^ People's Republic of 
(China Mainland) 


13 

468 

2 

8 

74 

1,803 

41 

34 

n.a, 

n.a. 

IjO 

1,044 

2 

120 

8,800 

12,631 


37 

552 

41 

n.a. 
n.a. 

l,jl; 

lOS 
4,502 

6,340 


1 

ICi 

1 

n.a. 
n.a. 

1,972 


11 

577 

1 

33 

n.a. 

n.a. 

25 
2 
1 

3,273 


5U 

135 

n.a. 
n.a. 
n.a. 

32 
n.a. 
n.a, 

10 
148 

425 


.""5 

506 

n.a. 
n.a. 
n.a. 
2 
n.a. 
n.a. 

22 


Q 

1 

•22r 

■;i 

36 
n.a. 
n.a. 

498 

486 

2 

32 

1,943 

fc,441r 


27 
1 

i,i7; 

51 

r. . '■■ . 
108 
419 

31 
615 


1 

8 

1 
171 

r; . a . 
n.a. 

:8 

793 
1,012 


6 
?8fa 

1 

510 

1 

'5 

n.a. 

n.a. 

8 

2" 

2 

1 

450 

1,352 


2 

26 

2 

292r 
417 

n.a. 

n.a. 
n.a. 
381 
n.a. 
n.a. 

76 

l,196r 




China, Republic of (Taiwan) 

Hong Kong 


12 






* 




5 

-i69 


Japan 




Lebanon 

Malaysia 

Pakistan 


n.a, 
n.a. 




1 




Syria 




Thailand 




Other Asia 


8 






2,026 


567 


2,386 


496 




AfrK^: 


3 

2 

n.a. 

1 
74 

425 


n.a. 

276 


1 
24 


2 
n.T. 

80 


n.a. 
n.a. 

5 

44 


I". , a . 
n.a. 

1 


n.a. 
1 

1°1 


li.a. 
55 


n.a. 


n.a. 
1 


5 

n.a. 

r-.a. 

IC 








GhAnfl 




Liberia 








South Africa 


54 


Zaire 


Cither Africa 








Total Africa 


505 


277 


25 


86 


50 


67 


253 


55 




15 


^'^ 






Other countries: 

Australia 


5? 
24 
78 


; 


1 


31 
5 

36 


21 

19 

40 


1 


512 


- 


22 


j2 
7 

40 


450 




All other 










• 


1 


I 


51° 


- 


22 


451 

U,24^^r 


6 




40,377 


10,747 


5,024 


18,176 


4,^08 


1,°?2 


3e,r^''r 


5,354 


:-,776 


l-^.^-c 


2 25Q 








15,417 

3 

438 


14,567 
295 


121 


51 


409 
3 


5 


13,722 
593 

5Q2 
175 


11,984 

177 


379 

167 


38 


1,320 
593 
249 
175 
















A£ian regional 














15,858 


14,863 


505 


51 


4 •'4 


5 


15,082 


12,160 


545 


19 


2,335 


1 


Grand total 


'6,214 


25.610 


5,52« 


18,227 


4,0'2 


1,Q17 


'■3,1'^'^r 


J7.514 


4,^22 


15,475 


«,«P'-r 






-.'-"■ 


Leas than $500,000. 


:■ Feviac 


d. 























June nri 



119 



.FOREIGN CURRENCY POSITIONS 



Background 



Data have been collected since 197*4 on the foreign 
currency positions of banks and nonbanking firms in the 
United States, and on those of foreign branches, majority- 
owned foreign partnerships, and majority-owned foreign 
subsidiaries of United States banks and nonbanking firms. 
Reports cover nine major foreign exchange market currencies 
and United States dollars held abroad. Reporting has been 
required pursuant to Title II of Public Law 93-110, an 
Amendment to the Par Value Modification Act, of September 21, 
1973. and implementing Treasury regulations. Statistics on 
the positions will be published monthly in the Treasury 
Bulletin , beginning with data for December 1975. 

The report forms and instructions used in the collection 
of bank data were revised effective with reports as of October 
29, 1975, for the weekly reports, and as of November 28, 1975 
(the last business day of the ncnth), for the monthly reports. 
The most reoent revision of the nonbank Foreign Currency 
forms (see below) became effective as of the last business day 
of November 1976 for the monthly reports on nonbanking firms' 
positions In the United States. 

Common Definitions and Concepts 

The term "United States" means the States of the United 
States, the District of Columbia, the Commonwealth of Puerto 
Rico, American Samoa, the Canal Zone, Midway Island, the 
Virgin Islands, and Hake Island. The term "foreign" means 
locations other than the "United States". The term 

"Worldwide" is used to describe the sum of "United States" and 
"foreign" data. 

Data for the United States include amounts reported by 
sole proprietorships, partnerships, and corporations in the 
United States Including the U.S. branches and subsidiaries of 
foreign nonbanking ooncerns, In the case of "nonbanking 
firms' positions", and the agencies, branches, and 
subsidiaries located In the United States of foreign banks 
and banking Institutions, in the case of the weekly and 
monthly "bank positions". 

Data for "foreign branches" and "abroad" include Eunounts 
reported by the branches, majority-owned partnerships and 
majority-owned subsidiaries of United States banking and 
nonbanking concerns. In general, these data do not reflect 
the positions of foreign parents or foreign parents' 
subsidiaries located abroad except through intercompany 
accounts. The data include the foreign subsidiaries of a few 
foreign-owned U.S. based corporations. 

Assets, liabilities, and foreign exchange contract data 
are reported on the basis of time remaining to maturity as of 
the date of the report, regardless of the original maturity of 



the instrument involved. "Spot" means due for receipt or 
delivery within two business days from the date of the report. 
"Short-term" means maturing in one year or less from the date 
of the report. 

"Majority-owned foreign partnerships" are those 
organized under the laws of a foreign country in which one or 
more nonbanking concerns or nonprofit Institutions in the 
United States, directly or Indirectly, own more than 50 
percent profit interest. "Majority-owned foreign 

subsidiaries" are foreign corporations in which one or more 
nonbanking business concerns or nonprofit institutions 
located in the United States directly or indirectly own stock 
with tnore than 50 percent of the total combined voting power 
of all classes of stock entitled to vote, or more than 50 
percent of the total value of all classes of stock. 

Reporting Threshold 

The exemption level applicable to banks and banking 
institutions is $10 million equivalent. The exemption level 
applicable to nonbanking business concerns and nonprofit 
institutions was $1 million equivalent on all nonbank forms 
from March 1975 through November 1976, when It was raised to 
%2 million equivalent on the monthly reports of positions 
held in the United States. 

Firms must report their entire foreign currency position 
in a specified foreign currency if a specified United States 
dollar equivalent value is reached in any category of assets, 
liabilities, excheinge contracts bought and sold, or the net 
position in the currency. In general, exemption levels are 
applied to the entire firm in the United States and separately 
to each foreign branch or subsidiary. In reports on their 
foreign branches, majority-owned foreign partnerships and 
majority-owned foreign subsidiaries, United States banks and 
nonbanks are required to report the United States dollar 
denominated assets, liabilities, exchange contracts bought 
and sold, and net positions of those branches, partnerships, 
and subsidiaries with reportable positions In the specified 
foreign currencies. 

Description of Statistics 

Data collected on the Treasury Foreign Currency forms 
are published in the Treasury Bulletin In ten sections. The 
first section presents a summary of worldwide net positions 
In all of the currencies reported. Sections II through IX 
each present data on a specified foreign currency. Section X 
presents the United States dollar positions of the foreign 
branches and subsidiaries of United States firms which are 
required to report in one or mare of the specified foreign 
currencies. 



120 



Treasury Bulletin 



FOREIGN CURRENCY POSITIONS, 
Section I - Summary Positions 



Table FCP-I-1. - Nonbanking Firms' Positions 1/ 











( 


n millions oC 


L"or<-ii:n curr* 


x\cy miits; 










Report date 


BelRiun 
franca 

(I) 


Canad ian 
dollars 

(2) 


French 
franca 

(3) 


German 
marks 

(4) 


Italian 
lira 


Japanese 
yen 


Swiss 
francs 


Sterling 


O.S. 
dollars 2/ 


W 


-Sect. 




13,544 
24,246 


10,814 
10,620 


7,903 
8,155 


5,660 
6,661 


2t-4.- 39 
492,216 


294,952 
222,516 


-5,^01 
-4,638 


\,lix 
1,878 


-'■,U« 






-6,7^^ 











Table FCP-I-2. - Weekly Bank Positions 3/ 







( In millions of 


foreit^n currency units) 












Belgian 


Canadian 


French 


German 


Ital ian 


Jepar."^-? 


..i.. 


Britidh 


'J.O. 


Report date 


francs 


dollars 


francs 


marks 


lira 


y:: 


!-r!iri:::7 


pounds 


dollars 4/ 




(1; 


(■') 


ir, 


(4) 


{5,1 






iP.i 




7/07/76 


-l,19fi 


Ui- 


-4ie 


1,234 


53,31 ■ 


'■'• , '''-' 


-■:9i 


'■■^ 




7A4/76 


-1,586 


133 


-654 


1,673 


3,911 


52,722 


-251 


6 


-28 


7/21/76 


-1,711 


75 


-473 


1,403 


27,181 


65,059 


-218 


11 


38 


7/28/76 


-1,535 


"" 


-2^3 


1,267 


TO ',n,'_ 


49 , P76 


-323 


■>2 


63 


8/04/76 


-838 




~^:'jC. 


1,912 




;■■ ,r:a7 


-?45 


-. 


-313 


8/1 IA6 


-588 


-1^ 


-»1S 


1,560 


*.o,L;fc'H 


5i,=07 


-316 


_^ -[ 


-218 


8/18/76 


-1,557 


-51 


-447 


1,430 


31,867 


66,398 


-320 


;'^ 


21 


8/25/76 


-2,087 


27 


-397 


1,688 


25,095 


50,830 


-309 


-;i 


157 




-1,090 


= « 


-519 


2,414 


U,911 


69,942 


-191 


-70 


-16« 




-1,078 




-447 


2,141 


22,527 


66,585 


-210 


-55 


-295 


)) ^.■/ . ■.. 


-1,999 


64 


-285 


2,107 


-13,436 


77,584 


-131 


-113 


-290 


9/22/76 


-2,938 


-16 


-219 


2,218 


-23,148 


73,678 


*155 


-111 


-98 


9/3Q/7*, 


-2,215 


-2 


-344 


2,010 


-26,001 


74,432 


-70 


-103 


28 


^ - 


-1,245 


12 


-336 


2,038 


42 


72,621 


342 


_-r, , 


-224 




-2,173 


79 


-171 


1,941 


26,359 


65,0^,2 


368 


_ ■ 


-352 




-2,360 


56 


-384 


1,723 


17,-'= 


71,Pl.S 


■=S" 


_•-,- 


-98 




-1,951 


66 


-482 


1,468 


-l,?-i- 


"= , • :'.? 


^"^O 


_^r 


-223 


1-,. '-^. v_ 


-2,060 


109 


-"^55 


1,644 


.6,i..t; 


•'-,P QOr 




-■ "J 


-181 


U/10/76 


-2," 


,^^ 


_^n 


1,300 


-15,—' 


• ■ -■ "f 






-121 


11A7/76 


-2,- 




-?V 


1,313 


-31,^' • 










11/24/76 


-1,5-.-. 


47 


-146 


1,188 


11, <r;- 


'■•■,-•' 


A- 7 


-..,. 


85 


12/01/76 


-2,858 


-56 


-554 


1 , 328 


15,70t. 


•- ■■;■ ■ 


17" 


-6 


189 


12/08/76 


-2,684 


-5 


-621 


1,193 


-2,00c 


C '-'i37 


ng 


-46 


267 


12/15/76 


-2,966 


1 


-564 


1,121 


9,17- 


..f ?r^. 


V'/O 


-30 


237 


12/22/76 


-2,041 


56 


-381 


1,180 


18, OK- 


6- ,a?', 


"•7^ 


-13 


110 


12/29/76 


-■:,1Q2 


80 


-^44 


1,H0 


50,748 


69,51? 


-0^' 







Table FCP-I-3. - Monthly Bank Positions 1/ 

(In millions of foreign currency units) 





5-l[Tian 


Canadian 


French 


German 


Italian 


Japanese 


Swiss 


British 


U.S. 


■ • h 


■:rHTr'j 


: -.-.-.rf 


francs 


n«.r>;s 


lira 


yen 


francs 


pounds 


dollars 6/ 




1 




\3) 




(5) 


(6) 


(7) 


(8) 


(9i 


■^y .:. :H 


-7,3U 


150 


-663 


599 


-t,6.-'3 


56,167 


-577 


. 


272 




-3,794 
-5,343 
-3,774 
-5,323 
-4,517 




-541 
-342 
-476 
-705 
-563 


1,482 

1,479 

614 

861 

868 


-54,155 
-68,919 
-53,041 
-36,768 
-25,974 


54,549 
79,077 
71,769 
43,203 
53,973 


-673 

17 

271 

-56 

-76 


-65 
-62 

-53 

-30 
-62 


-?n'. 


Sept 

Oct 


14 

89 

-15 

78 


Nov 


" 


Dot 









iC Table PCP-X-3. 



Jm/e 79^7 



121 



FOREIGN CURRENCY POSITIONS . 
Section II - Belgian Franc Positions 



Table FCP-II-1. - Nonbanking Firms' Positions y 











(I 


n millions 


of Belgian francs) 














Liquid 
assets 2/ 

(1) 


Short- 
term 
debt 3/ 

(2) 


Short-term tr.jde 


Other 
assets 6/ 

(5) 


Other 
liabil- 
ities 6/ 

(6) 


For/zard exchange 8/ 


Net 
position 9 

(9) 


Ex- 
change 
rate 10/ 

(10) 




rot.iti.3n 
at en.t 
of n.ontl. 


Receiv- 
ables'" ' 

(3) 


Pay- 
ables 5/ 

(4) 


Bought 

(7) 


Sold 


Positions held 

by 

offices in: 


July 1976 
Aug. 1976 
Sept. 1976 
Sept. 1976 


372 
376 

24,538 

'71 O 


2,884 
2,853 

45,039 

?,of;' 


822 
839 

74,188 

7P4 


868 
1,239 

47.189 
1,17< 


6,383 
6,527 

100,445 

.'..'.36 
1.3. .'^:'l 


3,343 
3,405 

88,024 
3,064 


974 
2,115 

2,583 

:--71 


r, 

3 


I'.j 

6Q.3 
1.-- i 


-4,116 
-3,793 

17,910 

-/, /.8"f 


39.2100 
38.8430 

37.6150 
37.5150 
37.6150 

36.9650 
35.7560 

35.9300 
35.9300 
15.9300 


United States 
United States 

Abroad 


Sept. 1975 




;-",i.:i 




•''!-■' •'- 




; '■. 


. 




Worldwide 


Oct. 1975 
Nov. 1976 

Dec. 1976 
Dec. 1075 


■-44 

23,549 
2.492 


3,1''" 
3,615 

36,410 
2,807 
■"■',?17 


543 
363 

79,173 
514 


1,214 
1,155 

48,516 
C182 


V,494 
7,045 

96,701 
7,004 


3,224 
2,830 

88,847 
2,792 

Q1,6M 


1,086 
924 

2,028 

''•44 


4 


438 

000 

.•;03 


-5,o.;2 

-4,462 

24,675 

-430 

24,246 


United States 
United States 

Abroad 
United States 


Dec. 1"75 


25,.:i4l 


7''i,ei^'7 


40 . 500 


10^.795 


3,f'7? 




,CQ7 


Worldwide 



Table FCP-II-2. - Weekly Bank Positions n/ 

(In millions of Belgian francs) 







Assets 


and liabilities 12/ 




Exchange contracts 13/ 


Net position 






Banks in U.K. 








Banks in U.S 
















-^ . 








Foreign 


World- 
wide 








Foreign 


World- 




Foreign 


World- 


















rate 17/ 




Assets 


Liabilities 


Net 


net 


net 


Bought 


Sold 


Net 


net 


net 




branch 

15/ 


wide 16/ 






(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(8) 


1°) 


(10) 


(11) 


(12) 


(13) 


(14) 


7/07/76 


129 


71 


58 


5,984 


6,042 


21,033 


22,740 


-1,707 


-5,531 


-7,238 


-1,549 


453 


-1,196 


39.702 


7/14/76 


110 


12 


98 


8,186 


8,284 


23,021 


24,949 


-1,928 


-7,944 


-9,872 


-1,830 


242 


-1,588 


39.706 


7/21/76 


105 


143 


-33 


7,069 


7,031 


23,097 


24,931 


-1,834 


-6,908 


-8,742 


-1,872 


151 


-1,711 


39.751 


7/28/76 


1S3 


15 


157 


7,276 


7,443 


23,949 


25,864 


-1,915 


-7,053 


.8,978 


-1,748 


213 


.1,535 


39.528 


8/04/76 


195 


12 


183 


7,380 


7,563 


'4-l^t 


26,115 


-1,771 


-5,530 


-8,401 


-1,588 


750 


-838 


39.204 


8/11/76 

8/18/75 
S/25/75 


139 


107 


3- 


6, .=,16 


5; 848 


241271 


-i;695 


-5;741 


-7,436 


-1,563 


1,075 


-588 


39.227 


92 

144 


•^^ 


38 


7,743 


7,781 


23,934 


25,729 


-1,795 


-7,543 


-9,338 


.1,757 


200 


-1,557 




28 


116 


7,578 


7,694 


23,245 


25,248 


-2,002 


-7,779 


-9,781 


-1,886 


-201 


-2,087 


38.715 


9/01/76 
9/08/75 
9/15/75 
9/22/75 
9/29/76 


178 
130 
211 
74 
185 


15 
33 
12 
285 
43 


163 

97 

199 

-212 

142 


10,034 
6,300 
5,739 
5,430 

5,707 


10,197 
6,397 
5,938 
5,218 
6,849 


23,507 
23,803 
21,994 
25,417 
25,805 


25,403 
25,290 
23,875 
25,968 
27,483 


-1,896 
-1,487 
-1,881 
-1,551 
-1,678 


-9,391 
-5,988 
-5,056 
-6,605 
-7,386 


-11,287 
-7,475 
-7,937 
-8,155 
-9,064 


-1,733 
-1,390 
-1,582 
-1,763 
-1,535 


643 
31^ 

-317 
-1,175 

-679 


-1,090 
-1,078 
-1,999 
-2,938 
-2,215 


38.737 
38.786 
38.402 
38.001 
37.954 


10/6/76 
10/13/75 
10/20/75 
10/27/76 


130 
206 
183 
207 


145 
19 
22 

117 


-15 

187 

166 

90 


2,407 
4.404 
5,S.:.l 
5,270 


2,452 
4,591 
6,027 
5,360 


28,554 
27,655 
27,317 
27,519 


29,905 
29,550 
29,381 
29,179 


-1,341 
-1,835 
-2,064 
-1,550 


-2,355 

-4,879 
-5,323 
-5,751 


-3,597 

-6,764 
-8,387 
-7,311 


-1,355 
-1,698 
-1,898 
-1,470 


111 
-475 
-462 
-481 


-1,245 
-2,173 

-2,^60 

-i,on 


37.202 
37.411 
37.175 
35.744 


11/3/75 
11/10/75 
11/17/75 
11/24/76 


235 
360 
205 
198 


21 
88 
37 
20 


215 
272 
158 

178 


4,715 
4,394 
2,553 

2,045 


4,931 
4,566 
2,831 
2,223 


24,525 
25,272 
25,526 
24,342 


25,243 
27,113 
27,599 
26,257 


-1,518 
-1,841 
-2,173 
-1,915 


-5,393 

-5,579 
-3,088 

-1,885 


-7,0U 
-7,420 
-5,261 
-3,800 


-1,403 
-1,559 
-2,005 
-1,737 


-577 

-1,185 

-425 

160 


-2,080 
-2,754 
-2,430 
-1,577 


36.873 
37.123 
37.109 
36.570 


12/01/76 
12/08/75 
12/15/76 
12/22/76 
12/29/76 


181 
228 
165 
142 


9 

11 

107 

80 


172 

217 

58 

52 


2,075 
1,878 
2,17a 
..,001 


2,247 
2,095 
2,237 
2,063 


22,830 
25,890 
23,059 
21,550 


24,295 
27,395 
24,252 
22,505 


-1,465 

-1,505 

-1,183 

-955 


-3,640 
-3,274 
-4,020 
-3,148 


-5,105 
-4,779 
-5,203 
-4,104 


-1,293 

-1,288 

-1,125 

-894 


-1,555 
-1,396 
-1,841 
-1,147 


-2,858 
-2,684 
-2,966 
-2,041 


36.755 
36.555 
35.483 
35.114 


167 


57 


110 


1,484 


1 , 504 


21,372 


23,176 


-1,804 


-2,°S2 


-4,786 


-1,694 


-1,498 







Footnotes at end of Table FCP-X-3. 



122 



FOREIGN CURRENCY POSITIONS 



Treasury Bulletin 



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«. 
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June 7977 



123 



.FOREIGN CURRENCY POSITIONS. 



Section III - Canadian Dollar Positions 
Table FCP-III-1. - Nonbanking Firms' Positions U 











f T 


n millions 


If Canadian 


Inllars) 












Liqu-V' 
assets £' 

fl) 


Shorts 
term 
debt V 

1.7) 


Shorty te' 


m trade 


Other 
assets^/ 


Other 
liabil- 
ities!/ 


Voz-f':- rd 


.^■x.-hcJlge 8/ 


Net 
poeitioni/ 


Ex- 
change 
r,3olO/ 

(10) 




Posi ti-r. 


BoviKht 


Sold 


Pos 1 t, i ons 


at end 
of month 


Receiv- 
ables 4/ 


Pay- 
ables!/ 

1 .: ' 


held by 
offices in; 


July 1976 
Aug. 1976 

Sept. 1976 
Sept. 1976 


572 
593 

2,997 


122 

131 

4,498 
148 


11,148 


■:'94 


3, '498' 

20,307 


15,489 
871 


493 
741 


1.4V- 

515 

1,781 


l,716r 
1,873 

9,361 


1.0251 
1.0201 

1.0280 
1.0280 
1.0280 

i.ce89 

0.0672 

0.9894 
0.9894 
0.9894 


United States 
United States 

Abroad 
United States 


Sept. 197-' 


/ 




" ' 




' ' 


1, ■:-' 


1 ■',8r>'- 


Worldwide 


Oct. 1976 

Nov. 1976 

Dec. 1076 
Dec. 1976 


3,206 
545 


lj4 
121 

4,660 

I'Vl 




' ,^56 

'804 


20,216 
23,858 


r4>' 

849 

l'.,616 


■'.' 1 

818 

82? 
708 


1,741 

1,616 


1,707 
1,797 

8,923 
1,807 


United States 
United States 

Abroad 
United States 


Dec. 1976 


-.V51 


' .'"'4^' 


11,''.', ' 




16,52-3 


!,'■ '•-. 


10,820 


Worldwide 



Table FCP-III-2. - Weekly Bank Positions 













(In 


millions 


of Canadian dollars) 
















Assets 


ind Liabi 


Litiesl2/ 




Exchange contracts 11/ 


Net position 






Banks in U.S. 


Foreign 
branch 


World- 
wide 


BanKs in U.S. 


Foreign 


World- 


United 


Foreign 


World- 


Exchange 
rate 17/ 
















wide 


States 


branch A5^/ 


widel6/ 




Assets 


Liabilities 


Met 


net 


net 


Bought 


Sold 


Met 




oet 


14/ 










(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(3) 


(9) 


(10) 


(11) 


(12) 


(13) 


(U) 


7/07/76 


714 


385 


328 


34 


352 


8,557 


8,778 


-221 


^ 


-216 


107 


39 


146 


1.0321 


7/14/76 


691 


389 


302 


31 


333 


8,931 


9,142 


-211 


11 


-200 


al 


42 


133 


1.0279 


7/21/76 


588 


464 


224 


-7 


217 


8,713 


8,902 


-189 


43' 


-142 


35 


40 


75 


1.0273 


7/28/76 


692 


395 


296 


-4D 


250 


8,497 


8,749 


-252 


81 


-171 


44 


35 


79 


1.0254 


8/04/76 


503 


275 


228 


-46 


182 


8,959 


9,187 


-228 


74 


-154 


. 


28 


28 


1.0153 


8/11/75 


630 


397 


233 


-81 


152 


9,116 


9,376 


-260 


95 


-165 


-27 


14 


-13 


1.0131 


8/18/76 


524 


393 


231 


-88 


143 


9,073 


9,401 


-328 


134 


-194 


-07 


46 


-51 


1.0135 


8/25/76 


537 


415 


222 


25 


248 


8,967 


9,214 


-247 


26 


-221 


-2 5 


52 


27 


1.0151 


9/01/76 


tjj 


345 


277 


-100 


177 


9,447 


9,747 


-300 


178 


-122 


-23 


78 


55 


1.0243 


9/08/75 




356 


297 


-43 


254 


9,284 


9,532 


-348 


120 


-228 


-51 


77 


26 


1.0239 


9/15/75 


•j^-j 


334 


288 


-60 


228 


9,407 


9,720 


-313 


149 


-164 


-25 


89 


54 


1.0258 


9/22/76 


689 


373 


316 


-75 


241 


9,538 


9,922 


-384 


127 


-257 


-68 


52 


-16 


1.0260 


9/29/75 


693 


397 


2% 


8 


304 


10,121 


10,480 


-359 


53 


-305 


-53 


51 


-2 


1.0290 


10/06/76 


573 


372 


301 


-82 


219 


9,325 


9,586 


-361 


154 


-207 


-50 


72 


12 


1.0270 


10/13/76 


682 


371 


311 


-14s 


153 


9,183 


9,500 


-317 


233 


-84 


-6 


85 


79 


1.0280 


10/20/76 


702 


392 


310 


-48 


262 


9,211 


9,555 


-344 


138 


-205 


-34 


90 


56 


1.0279 


10/27/76 


740 


444 


295 


-37 


259 


9,561 


9,874 


-313 


120 


-193 


-17 


83 


66 


1.0299 


ll/n,</76 


730 


439 


291 


-32 


259 


9,488 


9,754 


-265 


116 


-150 


25 


84 


109 


1.0270 


11/10/75 


740 


404 


336 


-15 


321 


9,783 


10,143 


-350 


123 


-237 


-24 


108 


84 


1.0241 


11/17/76 


988 


622 


355 


-29 


337 


10,284 


10,680 


-396 


123 


-273 


-30 


94 


54 


1.0220 


11/24/76 


814 


555 


259 


-19 


240 


10,442 


10,708 


-256 


73 


-193 


-7 


54 


47 


1.0060 


12/01/76 


851 


593 


258 


16 


274 


10,438 


10,766 


-328 


-2 


-330 


-70 


14 


-56 


.9675 


12/08/76 


707 


355 


352 


6 


358 


10,804 


11,223 


-419 


56 


-353 


-67 


52 


-5 


.9755 


12/15/75 


685 


-5CQ 


326 


3 


329 


10,840 


11,174 


-334 


5 


-328 


-8 


9 


1 


.9857 


12/22/75 


758 


432 


325 


29 


354 


10, "3-- 


11,165 


-332 


34 


-298 


-7 


63 


56 


.9852 


12/29/76 


827 


461 


^66 


^0 


455 


10,183 


10,527 


-"^44 


-31 


-37= 


22 




r'C 





Footnotes at end of Table FCP-X-3. 



124 



Treasury Bulletin 



.FOREIGN CURRENCY POSITIONS. 



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June 19~7 



125 



.FOREIGN CURRENCY POSITIONS, 
Section IV - French Franc Positions 



Table FCP-IV-1. - Nonbanking Firms' Positions 1/ 













In millions of French 1 


rancs) 












assets i' 
(1) 


Shurt- 
t»nn 
dobt 1' 


Short-term trade 


Other 
assets 6/ 


l.hf-r 
liabil- 
iUosI/ 


Forward 


sxcheueeS/ 


!!et 
position !> 

(o) 


E>:- 

chanpe 
rate 10/ 

(10) 




at enf] 
of month 


Receiv- 
ables i/ 

' 


Pay- 
ables 1/ 

(4) 


Boui^ht, 
(7) 


r.olil 

!' -■! 


held by 
offices in: 


July lQ7c 
AujT. 1976 

Sept. 1976 
Sept. 1976 


2:14 

5,004 

137 


208 

9,683 
216 


;'>'o 
281 

21,521 

'02 


041 
207 

13,120 
2 So 


1.J2'-. 
1,128 

21,838 
1.112 


738 
l'".,651 

■''\ 

16,180 
.-■07 

16, or,, 


918 

1,109 
9lo 


1,957 

2. ■512 


-35ir 
-1.007 
9.151 
-1,258 


4.O140 
4.9298 

4.9432 
4.9432 
4.9432 

4.9933 
4.9925 

4.9650 
4.9650 

4 . Ob50 


iirdted States 
United States 
Abroad 
United States 


Sept. 1976 


5,loi 


.',-■:,-, 




!^.' = ' 


■ , 02 ' 


4,4' ' 


Worldwide 


Oct. 1976 
Nov. 1976 

Dec. 1976 
Dec. W76 


I'-Q 
112 

4,964 
1-5 


200 
204 

10,285 
:.'44 

10, •".•"-. 


255 
22,850 


213 
1"4 

14 , 915 
212 


778 

23,094 

750 

2 ,344 


ofal 


1^913 

1,474 

1.741 

,215 


-I. J43 
-1,046 

8,975 

-820 

;',ir.'. 


United States 
United States 

Abroad 
United States 


Dec. 1976 


5,]i:io 




15,128 


1 . •■■■ '■"■ 


Worldwide 



Table FCP-IV-2. - Weekly Bank Positions n/ 













'I- 


millions 


of French 


francs) 


















Assets 


and liabilities 12/ 




Exchange contracts 11/ 


Net position 




Date 


[ 


anks in U.3 




Foreign 

bran'^h 

net 


World- 

v/iije 

net 


Banks in U.S. 1 


Foreign 
branch 
net 


World- 
wide 
net 


United 
States 14 


Foreign 
branch 
15/ 

(12) — 


World - 
?tidel6/ 


Exchange 


Assets 


Liabilities 


Met 


Bought 


Sola 


.■■iet 


ratel7/ 




(1) 


(2) 




(4) 


(5) 


(b) 


(7) 


(8) 


(9) 


(10) 


(11) 


(13) 


(14) 


7/07/75 
7/14/76 
7/21/76 
7/28/76 


725 
50 < 
/51 
"64 


184 
(45 
140 


141 
157 
202 
321 


1,011 
777 
974 
739 


1,152 

034 
1,176 
1,050 


n,92i 

15,560 
15,929 
16,154 


14,483 
15,338 
16,625 
16,778 


-562 
-778 
-695 
-624 


-1,008 
-810 
-953 
-559 


-1,570 
-1,588 
-1,649 
-1,293 


-421 
-621 
-494 
-303 


3 
-33 
21 
70 


-418 
-654 
-473 
-233 


4.7472 
4.8228 
4.9068 
4.8972 


8/04/76 
8/11/76 
8/18/76 
8/25/75 


331 
28^ 
307 
317 


12'/ 
3'/ 
2s 


204 
248 
232 
200 


442 

916 

1,093 

910 


645 
1.154 
1,375 
1,200 


15,030 
15,354 
1-',471 
15,140 


16,612 
15,985 
15,149 
15,801 


-582 
-632 
-578 
-661 


-294 

-947 

-1,144 

-936 


-376 
-1,579 
-1,822 
-1,597 


-378 
-384 
-396 
-371 


148 
-31 

-26 


-230 
-415 
-4,47 
-397 


4.9285 
4.9813 
4.9738 
4.9540 


9/01/75 
9/08/75 
9/15/75 
9/22/75 
9/29/75 


276 
259 
356 
281 
264 


2'0 
127 
22 
35 
52 


247 
132 
134 
245 
212 


1.007 
1.4 30 
1,451 
1,570 
1,575 


1,254 
1,562 
1,785 
1,815 
1,787 


14, 865 
14,439 
14,234 
14,085 
14, 598 


15, ''l; 
14,937 
14,771 
14, 581 
15,074 


-d50 

-498 

-496 
-475 


-1,123 
-1.511 
-1,533 
-1,538 
-1,555 


-1,773 
-2,009 
-2,070 
-2,034 
-2,131 


-403 
-355 
-203 
-251 

-264 


-116 
-31 
-82 

32 
-30 


-519 
-447 
-285 
-219 
-344 


4.9249 
4.9237 
4.8950 
4.9044 
4.9200 


10/05/76 
10/13/76 
10/20/75 
10/27/76 


332 

313 
26'' 
332 


69 

25 
26 

72 


263 
238 
239 
260 


1,452 
1,588 
I,';i3 
1,693 


1,715 
1.376 
1,7'^2 
i!q'.3 


15,289 
15,335 
15,334 
14,351 


15,880 
15,914 
15,015 
15,d72 


-591 
-579 
-532 
-821 


-1,450 
-1,468 
-1,504 
-1,614 


-2,051 
-2,047 
-2,135 
-2,435 


-323 
-291 
-393 

-5ol 


-8 

120 
9 

70 


-335 

-171 
-334 
-482 


4.9419 
5.0100 
4.9751 
4.9950 


11/03/76 
11/10/76 
11/17/76 
11/24/75 


239 
299 
37Q 
230 


"1 
-3 

30 


168 
221 
294 

250 


1, 301 
1,235 
1, '47 

1,953 


1.400 
1,457 
1,841 
2,213 


14, 357 
14,060 
14,431 
15,640 


14,949 
14,423 
14,970 
16,082 


-''92 
-363 
-539 
-442 


-1,232 
-1,139 
-1,519 
-1,924 


-1,824 
-1,507 
-2,053 
-2,366 


-424 
-147 
-245 
-192 


59 
97 
28 
44 


-355 

-50 
-217 
-148 


4.9739 
4.9863 

4.9388 
4.9888 


12/01/76 
12/08/76 
12/15/76 

12/22/76 

l..'/2o/76 


349 
376 
^61 

3 3 :■• 

222 


6Q 
172 
I''; 

P.P. 


280 
204 
20S 
24'' 
145 


1,744 
1,761 
1,852 
2.251 

1,07:-. 


2,024 
1,965 
2,050 
2,496 
2,118 


15,398 
15,182 
14,753 
14,810 
15,122 


15,021 
15,829 

15,380 
15,379 
15,515 


-623 
-547 
-627 

-559 
-404 


-1,955 
-1,939 
-1,997 
-2,308 
-1,958 


-2,578 
-2,585 
-2,524 

-2,877 
-2,462 


-343 
-443 
-419 
-324 

-^49 


-211 

-178 

-145 

-57 

5 


-554 
-521 
-564 

-381 
-.•44 


4.9953 
4.9925 
4.9838 
4.9838 
4.9591 



Footnotes at end of Table FCP-X-3. 



126 



FOREIGN CURRENCY POSITIONS. 



Treasury Bulletin 



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127 



FOREIGN CURRENCY POSITIONS 

Section V - German Mark Positions 
Table FCP-V-1. - Nonbanking Firms' Positions 

(In millions of marks) 



Position 


Liquid 
assets 2/ 

(1) 


:1hort- 
term 
debt 3/ 

(21 


Short-term trade 


Other 
assets 

(5) 


Other 
liabil- 
ities 7/ 

(6) 


Foi-ward exchanj^e — ' 


Net 
position 

(-) 


Ex- 
change 
rate 10/ 

(10) 


Positions 


at end 
of month 


Receiv- 
ables 

(31 


Pay- 
ables 5/ 


Bought 
(7) 


Sold 
(3) 


held by 
offices in; 


•uly 107. 
Au^. 1976 

Sept. 1975 
Sept. 1976 
Sept. 1976 


1,1'" 
1,114 

7. 4''4 
1,;',09 


7n 
8:33 

"*, 866 
"14 


26) 

13,61= 

243 


273 

9,546 
408 


i.'i25 

17,916 

1.116 

19,032 


■: , 374 
3.336 

16,152 

3,273 

19,42- 


2,526 
2,651 

1,339 

2,249 


.',24 

-as 

1,088 
■-39 


U5 

5 , 672 
-12 


2.5313 
2.5265 

2.4337 
2.4337 
2.4387 

2.4003 
2.4062 

2.3600 
2.3600 
2 . 3600 


United States 
United States 

Abroad 
United States 


'. '30 


13, ''■! 


'^."'■4 








Worldwide 


Oct. 1976 
Nov. 1976 

Dec. 1976 
Dec. 1075 

Dee. 1076 


1,194 
1,041 

6,744 
1.213 


598 
489 

7,238 
524 


400 
467 

14,765 
419 


749 
470 

10,129 
681 


1.233 

378 

17,938 
886 


3,277 
3,098 

15,069 
3.122 


2,673 
2,282 

933 
2.108 


626 
776 

807 
775 


200 
-165 

7,137 
-476 


United States 
United States 
Abroad 
United States 


7,762 


15,JK4 


10,810 


18,824 


18, 1°! 


1,582 


i-.,f<.] 


Worldwide 



Table FCP-V-2. - Weekly Bank Positions ii' 















(In mill 


ons of nar 


ks) 


















Assets 


and liabl) 


ities 12/ 






Exchange con 


ract.s 13/ 




Ne 


t position 






p 


anks in U.S. 




Foreign 

braneh 

net 


World- 
wide 
net 


B! 


n,:3 in U.S 




.".ireii-n 

branch 

net 


World- 
wide 

net 


United 
States 
14/ 


Foreign 
braneh 

15/ 


',»orld- 
"Weifi/ 


rata' y^/ 


Date 


Assets 


Liabilities 


Met. 


Bought 


Sold 


He!. 






(11 


f21 


(3) 


(4( 


(5) 


(6) 


(7) 


(8) 


(9) 


(10) 


(11) 


(12) 


(13) 


(14) 


7/r',y7t. 

7/14/76 
7/21/76 
7/28/76 


657 
619 
649 


?06 
307 
311 
318 


332 
?50 
308 
331 


5,782 
5,425 
5,574 

5,590 


6,r-4 
5,776 
5,982 
5,921 


19,324 
18,934 
18,956 
19,509 


19,798 
19,259 
19,347 
19,830 


-474 
-J25 
-391 
-321 


-4,406 
-3,778 
-4,188 
-4,333 


-4,880 
-4,103 
-4,579 
-4,654 


-142 

25 

-83 

10 


1,376 
1,548 
1,486 
1,257 


1,234 

1,.7! 
1 , 40.-: 

i,;:r7 


2! 5684 


8/04/76 
8/11/76 
8/18/76 
8/25/76 


645 
522 
643 
520 


307 
275 
288 
310 


338 
347 
355 
310 


6,058 
5,641 
5,443 
5,721 


6,396 
5,983 
5,793 
5,031 


20,955 
19, 477 
21,691 
20,987 


21,135 
19, 777 
21,395 
21,139 


-169 
-300 
-204 
-152 


-4,315 
-4,128 
-4,154 
-4,191 


-4,484 
-4,428 
-4,353 
-4,343 


169 

47 

151 

158 


1.743 
1.^13 
1,279 
1,530 


1,912 
1,560 
1,430 
1.688 


2.5371 
2.5358 
2.5119 
2.5288 


9/01/76 
9/08/75 
9/15/76 
9/22/75 
9/29/75 


618 
511 
643 
552 
629 


291 
313 
336 
352 
290 


327 
298 
307 
300 
339 


5,847 
5,072 
4,972 
5,330 
4,959 


6, 174 
5,370 
5,279 
5,530 
5,298 


20,130 
19, 166 
21,271 
21,667 
21,789 


20, 306 
19,417 
21,451 
21,575 
21,913 


-176 
-251 
-180 
-8 
-124 


-3,584 
-2,978 
-2,992 
-3,404 
-3.104 


-3,760 
-3,229 
-3,172 
-3,412 
-3,238 


151 
47 
127 
292 
215 


2,263 
2,094 
1,980 
1,925 
1,795 


2,414 
2.141 
2,107 
2,213 
2,010 


2.5205 
2.5148 
2.4857 
2.4597 
2.4525 


10/06/76 
10/13/75 
10/20/76 
10/27/75 


651 
701 
713 
731 


294 
233 
350 
404 


357 
418 
363 
377 


5,447 
5,152 
4,711 
4,468 


5.304 
5,570 
5,074 
4,845 


21,951 
20,640 
22,544 
22, 392 


22,044 
20, 748 
22,512 
22,574 


-93 

-108 

32 

-182 


-3,673 
-3,521 
-3,333 
-3.195 


-3,766 
-3,629 
-3,351 
-3,377 


264 
310 
395 
195 


1,774 
1.631 
1,328 
1.273 


2,033 
1,941 
1,723 
1,468 


2.4349 

2.4310 
2.4248 
2.4004 


11/03/76 
llAO/76 
11/17/75 
11/24/75 


794 
819 
911 
845 


397 
364 
437 
440 


397 
455 
474 
405 


4,627 
3,970 
4,343 
3,618 


5,024 
4,425 
4,817 
4,023 


19, 978 
21,294 
22,010 
21,118 


20, 152 
21,549 
22,580 
21,488 


-174 
-355 
-570 
-370 


-3,206 
-2,770 
-2,934 
-2,465 


-3,330 
-3,125 
-3,504 
-2,835 


223 

100 

-96 

35 


1.421 
1,200 
1,409 
1.153 


1,644 
1,300 
1,313 
1,138 


2.4045 
2.4160 
2.4225 
2.4041 


12/01/76 
12/08/76 
12/15/76 
12/22/75 

12/29/76 


740 
709 
760 
836 
oil 


392 
462 
48Q 

521 

501 


:!48 

247 
271 

"(15 
4IIJ 


4,026 
4,119 
i,*4 
.,,101 
"■:,:.'12 


4,374 
4 , 366 
4,235 
4,416 
4.222 


19,879 
21,868 
20,695 
20,076 
19,118 


20,21° 

22,243 


-340 
-375 

-405 
-?51 
-450 


-2,706 
-2 , 798 
-2 , 709 
-2,885 
-2,642 


-3,046 
-3,173 
--',114 
-3,236 

-:.:,UQ2 


s 

-128 
-H4 

-40 


1,320 
1 , .:21 

i!:.'io 
1.1 70 


1,328 
1,193 
1,121 
1,180 

1.1 :io 


2.4152 
2.3975 
2.3906 
2.3669 
2. <546 



Footnotes at end of Table FCP-X-3. 



128 



Treasury Bulletin 



FOREIGN CURRENCY POSITIONS, 





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129 



FOREIGN CURRENCY POSITIONS 

Section VI - Italian Lira Posit-ons 

Table FCP-VI-1. - Nonbanking Firms' Positions i/ 

In millions ' 1' lire , 





Liquid 
assets 11 


.lliorl- 
tenn 
l.-vt 3/ 


2h..>r-t-T,M 


r'L tr-i le 


Other 
assets 


other 
liabil- 
ities 7/ 


Forward exchange &/ 


net 

position 
9/ 


change 
rate 10/ 


Positions 


at end 


Receiv- 

il>le,-4/ 


Pay- 
lb lei 5/ 


Bought 


So! 1 


held by 
offices in; 




(1,1 


-.'■■ 


' ■' 




(5) 


(b) 


(7) 


( F ■• 




(10) 




■July 197d 


'3.^15 


18,332 


170,188 


25,064 


51,573 


39,210 


29,512 


87,019 


37,853 


834.38 


United States 


Aug. 1976 


6,631 


15,900 


200,365 


19,628 


52,222 


41,265 


24,589 


95,035 


112 ,079 


840.69 


United Statas 


Sept. 1975 
Sept. 1976 


354,396 

6.767 

261,161 


1,448,252 

25.176 

1 ,..81,422 


2,472,920 

200 ,.'... 2 


1,310,100 
18.116 


1,976,305 
52,544 


1,723,330 

39.053 

1,762,188 


10,520 
.27,551 

3S,08'i 


146,874 
115.822 
262,767 


185,585 

78,280 
263.366 


856.90 
856.90 
855.90 

863.19 


Abroad 
United States 


Sept. 1976 


^ ,''''<'\ ' ' ' 


1 ,319,1116 


2,023,850 


Worldwide 


Oct. 1976 


0,0 n 


44,101 


21~\ .'), 


1 l.oij' 


54,875 


3?, 335 


28 , 187 


106.301 


9'J.197 


United States 


Nov. 1976 


5,939 


49,285 


234,509 


19,892 


52,703 


33,245 


25,675 


85,922 


130,482 


865.43 


United States 


Dec. lC'7c 
Der' . lo7b 


435,945 
4.412 


1,306,079 

18.888 
1. ■.•l,.-l:.7 


2,720,150 

24h,084 


1,528,571 

15.820 

1, '144, I'll 


1,956,027 

77.984 


1,848,945 
24,216 

l,Sfl,lt,l 


13, WO 
17.670 


107,552 

OQ, li-15 


334,375 
157.841 
.'. ',216 


875.50 
875.50 
875.20 


Abroad 

United .States 


Dec . 1076 




2.r''n,Qll 


:"itj,o-7 


Worldwide 



Table FCP-VI-2. Weekly Bank Positions 11/ 

(In millions of lire) 







Assets and liabi 


lities 12/ 




Exchange 'lontracts 13/ 


Net position 




Date 


Banks in U.S. 


Foreign 

branch 

net 


IVorl'l- 

vdde 

net 


Banks in U.S. 


Foreign 

branch 

net 


World- 
wide 

net 


United 
States 

14/ 


Foreign 
branch 
15/ 


World- 
wide 16/ 


Exchange 




Assets 


Liabilities 


IJet 


Bought 


Sold 


Net 






(1) 


(2) 


( '■) 


(4) 


(5) 


(o) 


(7) 


(?) 


fo) 


1 l!l 1 


111) 


1.12, 


(13) 


(14) 


'7/07/75 
7/14/76 
7/21/76 
7/28/76 


12,583 
10,009 
11,318 
18,826 


1,621 

3,022 

17,923 

5,855 


10,952 

6,987 

-5,605 

12,970 


257,244 
211,029 
192,818 
135,129 


258,205 
218,015 
186,213 
149,099 


720,353 
743,738 
788,277 
773,175 


749,048 
789,556 
809,294 
813,638 


-28,185 
-45,818 
-21 ,017 
-40,463 


-186,711 
-168,237 
-138,015 
-84,842 


-214,896 
-214,105 
-159,032 
-125,305 


-17,223 
-38,831 
-27,622 
-27,493 


70,533 
42,742 
54,803 
51,287 


53,310 

3,911 

27,181 

23,794 


837.52 
838.22 
835.77 
835.77 


8/04/76 
8/11/76 
8/18/75 
8/25/76 


11,515 
10,410 
11,852 
11,544 


1,718 

2,575 

12,867 

13,747 


9,897 

7,735 

-1,015 

-2,203 


177,978 
161,043 
194,7'30 
183,646 


187,875 
158,778 
193,775 
181,443 


719,262 
682,976 
786,303 
910,951 


754,070 
712,742 
803,427 
938,304 


-34,808 
-29,765 
-15,524 
-27,343 


-120,549 
-110,923 
•145,234 
■129,005 


-155,357 
-140,589 
-161,908 
-155,348 


-24,911 
-22,031 
-17,539 
-29,545 


57,429 
50,120 
49,505 
54,641 


32,518 
23,089 
31,357 
25,095 


835.07 
836.47 
336.47 
838.57 


9/01/76 
9/08/75 
9/15/76 
9/22/75 
9/29/75 


9,844 
13,358 
14,909 
14,690 
17,551 


8,101 
546 

5,453 
700 
410 


1,653 
12,712 

9,456 
13,990 
17,241 


133,991 
170,932 
182,534 
185,888 
143,897 


135,644 
183,644 
191,990 
199,878 
161,138 


952,204 
904,255 
955,867 
962 , 375 
1,135,339 


984,273 

943,190 

1,025,261 

1,025,935 

1,194,041 


-32,069 
-38,935 
-68,394 
-54,550 
-58,702 


-91,654 
■122,132 
■137,032 
•158,465 
■128,437 


-123,733 

-151,117 
-205,426 
-223,025 
-187,139 


-30,416 
-25,223 
-58,938 
-50,570 
-41,461 


42,327 
48,750 
45,502 
27,422 
15,450 


11,911 
22,527 
-13,436 
-23,148 
-25,001 


840.69 
839.98 
840.69 
844.24 
855.43 


10/05/76 
10/13/76 
10/20/76 
10/27/75 


17, .305 
27,201 
32,116 
24 , 377 


939 
7 , 385 
1,993 
3,052 


16,866 
19,815 
10,123 
21,325 


166,904 
176,010 
157,834 
159,835 


133,770 
195,825 
197,957 
191,150 


1,070,406 
1,114,034 
1,121,539 
1,043,513 


1,124,523 
1,149,759 
1,177,109 
1,112,128 


-54,117 
-35,735 
-55,570 
-63,515 


■129,511 
■133,731 
■124,632 
■124,543 


-133,728 
-169,456 
-180,202 
-193,053 


-37,251 
-15,920 
-25,447 
-47,190 


37,293 
42,279 
43,202 
45,292 


42 
25,359 
17,755 
-1,898 


839.23 
839.98 

863.06 
863.56 


11/03/75 
11/10/76 
11/17/76 
11/24/76 


37,683 
41,697 
52,787 
42,463 


4,627 

22,329 

982 

1,071 


33,055 
19,368 
51,805 
41,392 


191,855 
199,208 
137,425 
176,551 


224,911 
218,575 
239,230 
217,943 


1,027,539 
962,315 
979,355 
920,252 


1,105,234 

1,040,275 

1,101,557 

997,120 


-77,695 

-77,961 

-121,792 

-75,368 


•153,354 
•155,391 
149,007 
129,102 


-231,059 
-234,352 
-270,799 
-205,970 


-44,639 
-58,593 
-69,987 
-35,476 


38,491 
42,817 
33,418 
47,449 


-6,148 
-15,776 
-31,559 

11,973 


855.43 
855.43 
354.68 
855.43 


12/01/75 
12/08/76 
12/15/75 
12/22/76 
12/20/76 


27,000 
■2 , 902 
40^85 
40,140 
■1,202 


3,862 
013 
1.694 
4,0°6 
•,467 


23,138 
31,989 
■6,791 
16,044 
27,71'5 


167, 84« 
162,201 
161,111 
158,077 
153,485 


100,987 
194,190 
197,902 
194,121 
191,220 


801,041 
927,402 
824,448 
835,595 
802,795 


f5'l,7b5 
1,008,497 
900,434 
903,973 
865,807 


-58,824 
-81,095 
-75,986 
-72,378 

-61,012 


116,457 
115,101 
112,743 
102,824 
-97,460 


-175,281 
-1°5,196 
-188,729 
-175,202 

-150,472 


-35,686 
-40,106 
-39,195 
-36,334 
-35,277 


51,392 
47,100 
48,358 
55,253 

65,025 


15,705 
-2,006 
9,173 
18,919 
30,748 


864.68 
863.93 
865.43 
854.58 

372.60 



Footnotes at end of Table FCP-X-3. 



130 



Treasury Bulletin 



.FOREIGN CURRENCY POSITIONS, 



Section VII - Japanese Yen Positions 

Table FCP-VII-1. - Nonbanking Firms" Positions V 

( In Tillllona of yen) 



Fog I ti on 
at end 
of nonth 


Liquid 
assets ±' 

(1) 


Short- 
tern 
debt 3/ 

(2) 


Short-term trade 


Other 
assets 6/ 

(5) 


Olr, 


■-ird exchange^/ 


Not 

position 2/ 


cJiange 
rateU/ 

(10) 


Positions 
held by 
offices In; 


Receiv- 
ables V 

(3) 


Pay- 
ablesi, 

(4) 


lloh 
I tie; 7/ 

(6) 


(■ 


July 1976 

Aug. 1976 

Sept. 1976 
Sept. 1976 


67,948 
66,590 

215,682 

57.540 

;7i,:;2^ 


1,535 

2,277 

311,038 
1.519 

12, '.57 


23,285 

21,635 

637,224 
.34,713 


39,939 

39,628 

429,845 
3?,710 


40,882 

43,732 

412,748 
42, ',92 
.i55,340 


10,673 

11,013 

334,834 
10,754 

:i45,598 


1U,706 

110,579 

30,067 
106,711 

136,778 


81,262 

79,285 

23, lU 
81,828 

104,942 


113,412 

110,333 

196,890 

98.735 


293.13 

289.23 

286.78 
286.78 
286.73 

294.46 

297.75 

293.20 
293.20 
293.20 


United Statea 
United States 
Abroad 
United States 


Sept. 1976 


■'J>i,y<'! 


2>5,o,,5 


Worldwide 


Oct. 1976 

Nov. 1976 

Deo . 1976 
Dec. 1976 


50,830 

54,589 

198,719 
60.975 

.->5o^Af'/, 


1,389 

1,733 

302,179 

•n ,8'-,t. 


24,952 

27,807 

675,839 
19.631 

■ .■"5;471 


39,593 

34,579 

477,572 
31^459 

^ w.OU 


38,546 
33,128 

411,387 

.•=o.f02 
441.189 


10,322 
8,441 

351,314 

10, 19.'' 


91,041 
74,083 

41,547 

67. 5"! 
100, 12F 


77,764 
84,131 

12,134 

96. 417 

108,571 


76,301 
60,723 

184,293 

38.223 


United States 

United States 

Abroad 
United States 


Dec. 1Q"6 


?61,507 


222,516 


Worldwide 



Table FCP-VII-2. - Weekly Bank Positions ii/ 



<In millions of yen) 





Assets and liabilities 12/ 


Exchange contractslS/ 


Net position 






Banks In U.S. 


Foreign 

branch 

net 


«orld- 

wlda 

net 


B 


in-<s in U.S. 


Foreign 
branch 
net 


World- 
wide 
net 


United 
Stateslit/ 


Foreign 
branch 
15/ 


World, , 
.idel6/ 


Exchange 
ratel^ 


Date 


Assets 


Liabilities 


Net 


Bought 


Sold 


Net 




(1) 


'2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(8) 


(9) 


(10) 


(11) 


(12) 


(13) 


(14) 


7/07/76 
7/U/76 
7/21A6 
7/28A6 


87,477 
85,108 
84,155 
74,991 


10,561 
11,787 
12,509 


76,915 
74,321 
71,645 


417,215 
416,371 
414,316 


494,131 

490,692 

485,962 

".471 


559,391 
570,857 
701,209 
725,560 


741,540 
751,371 
775,874 
794,483 


-82,249 
-80,514 
-74,665 
-67,923 


-356,519 
-357,455 
-346,238 
-345,672 


-438,758 
-437,970 
-420,903 
-413,595 


-5,333 
-5,193 
-3,019 
-6,138 


50,696 
58,915 
68,078 
55, OU 


55,353 
52,722 
65,059 
48,875 


296.34 
292.70 
293.56 
293.38 


8/04/75 
8/11/76 
8/18A6 
8/25A6 


91,589 
80,123 

82,407 
82,183 


14!vi9 
22,572 


67,688 
59,611 


401,720 


.,367 

:,34l 

.,78,992 

461,331 


710,735 
590,360 
778,669 
818,373 


734,585 
756,408 
845,301 
890,300 


-73,850 
-75,048 
-56,632 
-71,927 


-340,500 
-352,136 
-345,962 
-338,574 


-414,350 
-428,234 
-412,594 
-410,501 


-5,728 

-9,041 

1,056 

-12,315 


60,745 
61,848 
65,342 
53, U5 


55,017 
52,807 
55,398 
50,830 


292.74 
292.53 
288.18 
283.85 


9/01/76 
9/08/76 
9/15/76 
9/22/76 
9/29A6 


81,653 
78,972 
77,079 
83,089 
83,452 


14,117 
13,087 
10,723 
13,293 
10,663 


67,535 
65,885 
66,356 
69,796 
72,789 


408,236 
403,380 

402, 7Xi 


475,772 
459,255 


758,144 
767,342 
?1?,532 

. ',726 

, 'SI 


830,417 
830,745 
398,320 
864,652 
881,455 


-62,273 
-63,403 
-59,588 
-65,935 
-66,385 


-343,557 
-339,277 
-331,784 
-332,385 
-331,779 


-405,830 
-402,680 
-391,472 
-393,321 
-398,164 


5,263 
2,482 
6,668 
3,850 
5,404 


54,579 
54,103 
70,916 
69,818 
68,028 


59,942 
55,585 
77,584 
73,678 
74,432 


288.35 
287.44 
286.20 
287.07 
287.65 


10/06/76 
10/31/76 
10/20/76 
10/27/75 


82,544 
80,851 
80,132 
77,872 


9,123 
9,504 

11,404 


73,421 
71,347 
5", 728 


405,798 
406,909 
404,912 


477,145 
475,537 
472,916 


7'W,098 
850,247 
848,554 
832,977 


834,873 
924,428 
917,005 
895,432 


-74,775 
-74,181 
-68,351 
-53,505 


-332,190 
-337,922 
-335,418 
-331,103 


-406,965 
-412,103 
-403,769 
-394,608 


-1,354 

-2,834 

377 

4,499 


73,975 
57,875 
71,491 
73,809 


72,521 

65,042 
71,868 
78,308 


287.77 
290.28 
292.14 
293.30 


11/03/76 
11/10/75 
11/17/75 
11/24/75 


81,508 
86,362 
89,591 
87,075 


9 ',519 
11,334 


8.j! ■• 

76. ... 


■;09,495 

■■ . -01 


481,155 
480,517 
486,955 
472,343 


837,954 
818,276 
858,824 
862,432 


913,599 
895,917 
942,424 
945,198 


-75,635 
-77,641 
-83,600 
-83,766 


-338,624 
-333,972 
-338,239 
-324,051 


-414,259 
-411,613 
-421,339 
-407,817 


-3,965 

-748 

-3,528 

-7,724 


70,871 
59,552 
68,644 
72,250 


56,905 
53,904 
55,115 
54,526 


295.07 
294.29 
295.07 
295.38 


12/01/76 
12/08/76 
12/15/76 
12/22A6 
12/29/76 


90,055 
90,508 
93,727 
96,896 
99,757 


9,715 
9,762 
11,353 
10,589 
11,345 


80,34,< 
SO, 726 
82,364 
86,307 
88,412 


406,360 
381,526 
389,789 
398,799 
393,301 


486,703 
462,252 
472,153 
485,106 
481,713 


830,711 
855,768 
852,372 
882,645 
839,775 


921,811 
942,310 
949,326 
969,395 
922,630 


-91,100 
-85,542 
-86,956 
-85,749 
-82,855 


-333,800 
-327,803 
-335,932 
-334,432 
-329,345 


-424,900 
-4U,345 
-423,888 
-421,181 
-412,200 


-10,757 

-5,816 

-4,592 

-442 

5,557 


72,560 
53,723 
52,857 
54,357 
53,956 


51,803 
47,907 
48,265 
63,925 
69,513 


205. S7 
.296.47 
294.51 
293.73 
292.44 



Footnotes at end of Table FCP-X-3. 



Jmit' 7 9 "7 



m 



.FOREIGN CURRENCY POSITIONS. 





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132 



Treasury Bulletin 



.FOREIGN CURRENCY POSITIONS, 



Section VIII - Swiss Franc Positions 
Table FCP-VIII-1. - Nonbanking Firms" Positions -' 











(In millions of Swiss francs) 












Liquid 
tt3=et= 2/ 


Short- 
term 
debt 3/ 

(2) 


.'Jhort-term trade 


r 

other 
assets y 

(5) 


Other 
liabil- 
ities 7/ 

(6) 


Forward exchange 8/ 


Net 
position 
9/ 
(9) 


Zj:- 

ctian^e 
rate 10/ 
(10) 


JocitivJiiJ 


Position 
at end 

of month 


Rcuftiv- 
ables 4/ 
(3) 


ray- 
able:: 5/ 
(4) 


ikiught 
(7) 


Sold 
(8) 


held by 
ofrlces in: 


July 19'''6 
Aug. 1976 
Sept. 1976 
Sept. 1976 


55Sr 
579 
1,814 

■AS 

;,3t'i 

581 
575 

1,877 

523 

■ 2,400 


2,324r 
2,141 
1,469 
1.951 


124 

97 

1,923 

93 


412 

373 

l,13e 

385 


635 

4,344 

701 


4,681r 

4,573 

5,921 

■:_,:'- 'ye 


1,247 
961 

274 

677 


699 
630 

133 

540 


-5,552r 

-5,416 
-306 


2.474c 
2.4771 
2.4459 

2.4459 
2.. '.4 5 9 

2.4325 
2.4456 

2.4473 
2.4473 
2.4473 


iiit-i .:'.ateb 
Jnited States 
Abroad 
United States 


Sept. 1976 




.!\'.i 


,04- 


t ■ 


O'l 




-'■../ 1 


Worldwide 


Oct. 1976 
Nov. 1976 

Dec. 1976 
Dec. 1976 


1,811 
1,743 

1,416 
1.622 


98 
81 

1,964 
70 


363 
292 

1,242 
184 


690 
587 

4,233 
615 


4,181 
4,141 

5,616 

9,80'' 


591 
620 

202 
687 


562 
499 

145 
395 


-4,957 
-4,712 

-143 

-4.495 

4/1K 


United States 
United States 

Abroad 
United States 


Pec. l^' 


3,03? 


2,034 


l,42f- 


4, 4? 


PP9 


540 


Worldwide 



Table FCP-VIII-2. - WeeUy Bank Positions u/ 













(In millions 


of Swiss 


francs) 


















•i-~ots 


and llabllitiesl2/ 


Exchange contracts 13/ 


Net position 






r. :. ■ ■• U.S. 


Foreign 


World- 


Banks in U.S. 


Foreign 
branch 


World- 


United 


Foreign 


World- 


Exchange 


Date 


























rate ^^ 




Assets 


Liabilities 


Net 


net 


net 


Bought 


Sold 


Net 


net 


net 


14/ 


15/ 


16/ 




(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(8) 


(9) 


(10) 


(11) 


(12) 


(13) 


(U) 


7/07/76 


558 


510 


48 


2,967 


3,015 


12,882 


13,087 


-205 


-3,101 


-3,306 


-157 


-134 


-291 


2.4783 


7/14/76 


529 




111 


2,935 


3,046 


13,258 


13,506 


-328 


-2,959 


-3,297 


-217 


-34 


-251 


2.4839 


7/21/76 


569 




112 


3,014 


3,125 


12,575 


13,:"'5 ■ 


-378 


-2,956 


-3,344 


-266 


48 


-218 


2.4913 


7/28/76 


534 


52: 


14 


3,008 


3,022 


13,527 


13,864 


-337 


-3,008 


-3,345 


-323 


- 


-323 


2.4938 


8/04/76 


551 


448 


103 


3,025 


3,128 


13,796 


14,083 


-287 


-3,085 


-3,373 


-3: 


- 


-245 


2.4752 


8/11/76 


552 


44? 


110 


3,295 


3,405 


13,649 


14,053 


-404 


-3,317 


-3,721 


-. 


- - 


-316 


2.4891 


g/18/76 


408 


7" a 


29 


3,219 


3,248 


12,796 


13,042 


-246 


-3,322 


-3,568 


-217 


-1.33 


-320 


2.4707 


8/25/76 


566 


cir 


-44 


2,819 


2,775 


12,642 


12,817 


-175 


-2,909 


-3,084 


-219 


-90 


-309 


2.4774 


9/01/76 


607 




179 


3,341 


3,520 


12,157 


12,530 


-373 


-3,338 


-3,711 


-194 




-191 


2.4710 


9/08/75 


587 




U7 


2,813 


2,930 


12,447 


12,783 


-336 


-2,804 


-3,140 


-219 


9 


-210 


2.48O8 


9/15/76 


618 




291 


3,465 


3,756 


11,510 


12,044 


-534 


-3,353 


-3,887 


-243 


IL' 


-131 


2.4701 


9/22A6 


585 


•61 


224 


3,459 


3,683 


12,414 


12,886 


-472 


-3,356 


-3,838 


-.--:-' 




-155 


2.4691 


9/29A6 


649 


39; 


2'-,^, 


2,646 


3,100 


12,294 


12,779 


-485 


-2,685 


-3,170 




• I 


-70 


2.4558 


10/06/76 


617 


310 


307 


4,603 


4,910 


12,208 


12,447 


-239 


-4,329 


-4,568 


frg 


274 


342 


2.4456 


10/13/76 


618 


321 


2-T7 


3,028 


3,325 


11,475 


11,688 


-213 


-2,744 


-2,957 


84 


284 


368 


2.4438 


10/20/76 


614 


322 


292 


2,974 


3,255 


12,300 


12,469 


-169 


-2,540 


-2,709 


123 


434 


557 


2.4456 


10/27/76 


637 


325 


312 


2,577 


2,989 


12,717 


13,036 


-319 


-2,211 


-2,530 


-7 


466 


459 


2.4328 


11/03/76 


643 


340 


303 


2,777 


3,080 


11,356 


11,644 


-2S8 


-2.437 


-2,725 


15 


3^0 


355 


2.4358 


11/10/76 


680 


334 


346 


2,198 


2,544 


11,707 


12,082 


- ■' ■ 




-2 ,200 


-. 






2.4384 


11/17A6 


698 


380 


318 


2,298 


2,616 


11,023 


11,413 


- 




-2,319 


- 






2.4459 


11/24/76 


700 


357 


343 


2,293 


2,535 


12,312 


12,672 


- 


- . ■'• 


-2,159 


-- 








12/01/76 


717 


324 


393 


2,294 


2,587 


11,537 


12,045 


_., 




-2.'.0r' 


-15 


194 


179 


2.4525 


12/08/75 


621 


■509 


312 


2,550 


2,862 


12,355 


12,745 


-}■■! 


--■■ '3 


-2,7C4 


-■79 


177 


98 


2.4504 


12A5/76 


553 


:-: 


351 


2,924 


3,275 


11,414 


11,800 


- ir':. 


-2,610 


-2,996 


-35 


314 


279 


2.4513 


12/22/76 


643 


^'\'; 


380 


2,784 


3,164 


12,240 


12,567 


-327 


-2,467 


-2,794 


53 


317 


370 


2.4462 


12/29/76 


597 


218 


379 


3,038 


3,417 


11,490 


11,824 


-334 


-2,775 


-3,109 


45 


263 


308 


2.4438 



Footnotes at end of Table FCP-X-3. 



ji/fw /9^7 



155 



.FOREIGN CURRENCY POSITIONS 



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134 



Treasury Bulletin 



FORRION CURRENCY POSITIONS ^_^ 
Section IX - Sterling Positions 
Table FCP-IX-1. - Nonbanking Firms' Positions -' 

(In millions or pounds) 





Liquid 
assets 2/ 

(1) 


Short- 
term 
debt 3/ 


Short-term trade 


other 
assets 

(5) 


Other 
liabil- 
ities 7/ 

(6) 


Forward 


exchange 1/ 


(9) 


Ex- 
change 
rate 10/ 

(10) 




at end 

of month 


Receiv- 
ables 1^1 

(3) 


Pay- 
ables!/ 

(■,) 


Bought 
(7) 


Sold 

(8) 


Positions 
held by 
offir;es in: 


Julj- 1976 
Aug. 197. 

Sept. 1976 
Sept. 1976 


61 
62 

987 
58 


59 
52 

1,822 
110 


293 

305 

3,3U 
262 


3 CO 

2,607 
295 


2«5r 
281 

4,815 

307 

5,122 


20t 
246 

3,673 
234 


674 
799 

207 
1,081 


819 

936 

370 
862 


-107r 

-104 

851 


1.7652 
1.T788 
1.6660 

l.-'-..:,0 
i.'_-_.bO 

1.5895 

1.6550 

1.7025 
1.70125 
1.7025 


United States 
United States 
Abroad 
Uniteo States 


Sept. 1976 


l.O-iJ 

56 
52 

893 
81 


1,932 

110 
111 

1,SC^; 
100 


3,576 


2,90.^ 


3,907 


1,232 


851 


Worldwide 


Oct. 1976 
Nov. 1976 

Deo. 1976 
Deo. 1976 




W'' 


3«) 
JI3 

5 , i.' ■: 
'1' 


351 
3 .•-■'-•■ 


980 
9.; 4 

164 
931 


1 .019 
1,033 

345 

074 


-194 
-232 

1,''24 
154 


United States 
United States 

Abroad 


Deo. 1976 


974 


1,9C-' 


•'. . " .-■'■' 


■;,i i.' 


■,,978 


3,94r 


1 ,095 


1,,--1 ■ 




Worldwide 



Table FCP-IX-2. - Weekly Bank Positions ii' 



(In millions of pounds) 





Assets and liabilities 12/ 


Exchange contracts 13/ 


Net position 




Date 


B 


inks in U.S. 




Foreign 

branch 

net 


World- 
wide 
net 


J.^anks in I. .3. 


Foreign 

branch 

net 


World- 
wide 
net 


United 
States 

U/ 


Foreign 
branch 
15/ 


World- 
wide. 16/ 


Exchange 


Assets 


Liabilities 


Net 


Bought 


=, :; 


■:et 


rate ^, 




(1) 


(2) 


(3) 


(4) 


(5) 


(5) 




;e) 


(9) 


(10) 


(11) 


(12) 


(13) 


(U) 




.^ 


1" 




-144 


-115 


5,311 


5,351 


-40 


194 


154 


-11 


50 


39 


1.8029 




'■.t 


!■' 


21 


-51 


-30 


5,492 


5,553 


-61 


97 


36 


-40 


46 


6 


1.7784 


7/21/76 


38 


16 


22 


-192 


-170 


5,400 


5,4^3 


-43 


224 


181 


-21 


32 


11 


1.7860 


7/28/76 


31 


24 


7 


-235 


-228 


5,447 


5,478 


-31 


291 


260 


-24 


56 


32 


1.7891 




42 


g 


34 


-201 


-167 


5,225 


5,274 


-49 


232 


183 


-15 


31 


16 


1.7945 




38 


16 


22 


-162 


-140 


5,250 


5,317 


-67 


194 


127 


-45 


32 


-13 


1.7909 




^.1 


14 


40 


-85 


-45 


5,168 


5,240 


-72 


137 


65 


-32 


52 


20 


1.7817 




51 


17 


34 


-119 


-85 


5,290 


5,359 


-69 


133 


64 


-35 


14 


-21 


1.7709 




r,r. 


11 


44 


-204 


-160 


5,220 


5,326 


-106 


196 


90 


-62 


-8 


-70 


1.7755 


9/0-: 




14 


39 


-154 


-U5 


5,305 


5,422 


-117 


177 


60 


-78 


23 


-55 


1.7716 


9A; 




1'3 


30 


-198 


-168 


5,578 


5,686 


-108 


163 


55 


-78 


-35 


-113 


1.7355 


^/T 




.32 


29 


-189 


-160 


5,528 


5,640 


-112 


161 


49 


-83 


-28 


-111 


1.7155 






27 


24 


-198 


-174 


5,929 


6,034 


-105 


176 


71 


-81 


-22 


-103 


1.6668 






21 


38 


-227 


-189 


5,989 


6,118 


-129 


209 


80 


-91 


-18 


-109 


1.6530 


10/13/76 


61 


23 


38 


-204 


-166 


5,664 


5,777 


-113 


206 


93 


-75 


2 


-73 


1.6554 


10/20/76 


62 


17 


45 


-217 


-172 


5,886 


5,992 


-106 


222 


116 


-61 


5 


-56 


1.6530 


Wn/ib 


72 


30 


42 


-215 


-173 


6,294 


6,4A3 


-149 


225 


'V- 


-1V7 


10 


-97 


1.5793 


11/03/^6 


P2 


23 


59 


-258 


-199 


5,891 


6,070 


-179 


259 




-120 


1 


-119 


1.6125 






30 




-256 


-219 


6,384 


6,488 


-104 


255 


1 = 1 


-i- 


-1 


-68 


1.6317 






2f 




-119 


-83 


6,486 


6,580 


-94 


134 


..C 


-'jf 


15 


-43 


1.6610 






15 


..9 


-158 


-109 


6,456 


6,542 


-86 


173 


67 


-3'' 


15 


-22 


1.6475 


12/01/76 


6C 




25 


-180 


-155 


6,346 


b,ai 


- 




14" 


-43 


3f, 


-8 


1. ;50 


12/08A6 


45 


; ': 


25 


-198 


-173 


6,335 


6,412 


- ■ 


^ 


-.i" 


-52 


b 


-46 


1.6700 


12A5/76 


55 


32 


23 


-144 


-121 


6,212 


6,278 




1""" 


al 


-43 


13 


-30 


1.6590 


I2/22A6 


93 


I'"' 


74 


-155 


-81 


6,179 


6,257 


_7'^- 


14' 


. e 


-4 


-9 


-13 


1.6870 


12/29/76 


87 


2 3 


64 


-166 


-102 


5 , 998 


6,089 


-91 


1^- 


10* 


-'■ 


30 


3 


l.~0t6 



Footnotes at end of Table FCP-X-3, 



J//f/c 19^7 



135 



FOREIGN CURRENCY POSITIONS. 





B 






o 












-*-> 












tn 






O 






Ph 






^ 






B 




m 


« 




a 


03 




o 






'■C 


>> 




to 


J3 


'm 






-n 


0. 


H 


3 


be 


s 


0- 




•B 










01 








08 
T3 


















O 


b 


i$ 


CA 

B 


c 




O 


— 


c 


C ) 




o 


















^ 


CO 




CO 


>: 





!2 




136 



Treasury Bulletin 



.FOREIGN CURRENCY POSITIONS. 



Section X - United States Dollar Positions Abroad 
Table FCP-X-1. - Nonbanking Firms' Foreign Subsidiaries' Positions 1/ 

'In mill lonK or I^nllcJ .".t^tos dollar?) 





Liquid 
assets 2/ 

fl' 


Short- 
term 
debt 3/ 

f2l 


:3tiort,-tei"ni triid'; 


uther 
assets 6/ 

(5) 


OtI.er 
linbHi- 

tu,-j 2/ 


_.rffar:: c-K'M amre :^' 


Het 


at end 

of month 


Receiv- 
ables y 


Fay- 
tibles i/ 


Bought 
f7) 


Sold 

(e) 


IJOBition 2/ 

ml 


197ft-ropt 

Te^ 


' ^* .- 


3,^U 


-.'••r 


1 ?,-»'■-'' 
13,255 


18,331 


?■ .f^rs 


1,'92 


tl7 


- '■ ■ 



Table FCP-X-2. - Weekly Bank Foreign Office Positions 11/ 





( In millions of Uni ted 


States dollars) 




Date 


Net 


Net 


Net 




a T^ sets Biv3 


exchange 


position 




llabUities 12/ 


contracts lyf 






fll 


(21 ~ 


(3) 


7/07/76 


-3,872 


3,914 


42 


7/U/76 


-3,581 


3,553 


-28 


7/21/76 


-3,547 


3,585 


38 


7/28/76 


-3,346 


3,409 


63 


8/O4A6 


-3,720 


3,407 


-313 


8/11/76 


-3,858 


3,640 


-218 


8A8/76 


-3,919 


3,940 


21 


8/25/76 


-3,693 


3,850 


157 


9/01/76 


-3,800 


3,632 


-163 


9/08/76 


-3,942 


3,647 


-295 


'lA5/'76 


-3,927 


3,637 


-290 




-3,8U 


3,716 


-98 




-3,521 


3,549 


28 


:^>r.:'j/ ,D 


-3,894 


3,670 


-224 


10/13/76 


-4,029 


3,677 


-352 


10/20/76 


-3,684 


3,586 


-98 


10/27/*?6 


-3,638 


3,415 


-223 


11/03/76 


-3,533 


3,352 


-ISX 


11/10/76 


-■\'^^'- 


2,886 


-121 


11A7/76 




3,304 


4 


11/24/76 


- . 


3,268 


85 


12/01/76 


-3,485 


3,674 


189 


12/08/76 


-3,442 


3,709 


267 


12/15/76 


-3,138 


3,375 


237 


12/22/76 


-4,030 


4,140 


110 


12/29/76 


-3,751 


3,684 


-67 



Footnotes at end of Table FCP-X-3. 



Ji/tic 19^7 



137 



FOREIGN CURRENCY POSITIONS , 





C 




o 






T1 


~t^ 


(S 


OS 




o 


Xl 


0. 


< 












c 






n 


<«-> 




w 


c 


o 


be 


Cu 


a> 




h 




o 




[X, 






o 


^ 


U 


c 




cS 


0) 


OQ 


-4-* 


>^ 




J3 
.1^ 


T3 
0) 


B 
O 

1^ 


C 




P 


' 



X 

a 
o 



o 



CD t^ O ip. TO y 
" -^. (A ^■. --r r 









•' 




1 


'\ 


r 



. ^. ir\ f- (^ c- 
" ■ -r o fu tjci r- 



■■ (\J <T -J t> 



^D TO 0> O CT" r 
O r^ lA «5 00 C 

w rH vf o r- <■ 



"\J <V to vO IT' f-4 























c* o -J r~ 


^ 






























-f 

































fe' 




D 


^ 



xO r"i ry TO v£> i'\j 
\0 ry r^ CT^ f^ iH 
TO \0 i?y vO ^- TO 



' >j ■■_' -J- -Xi tu .-I 
■\ -.^ fM C -J -sT 

r- "N -T C "■. -H 



-D ^r ^ O vD ' 



.0 



Q ,-( n^ TO IT 
vO O •T' ir> rv <^ 
r- TO \D f- IT 





TO C^lrH -yf 


-J 


V 




t^ O W) oj \D trv 


.0 





Ol 


r- t- ^t^ O O Oj 


r- 


1-1 


r- 


ir\ r^ r^ r>) r.j (-1 






















■-. r- 


C-- OTO M 














6b 


r- iT o; 1^-3 -< Oj 








vD -J ITv ^'^ OJ "nJ- 
























' 








l-< 






r-" 


.■^ 


-r TO vD r- 'D t ■ 


r\J 


rH 


1-. 


ifN O^ ^ ^ ^0 r\j 


^ 


-1 




i- r-i ^Q -^ 


O" 




D '-J-' 


(N ^D ^ 


c-; 




'' 


TO TO i-t \D H - 1- 


t 




7 


f> t> rH TO i^-. 


I 




" 


til \D \0 vj- 


c*^ 




7 


o rj- f^> ^ 


1 




I 


■^ o c^ r- H -1- 


1 





- . a- 


r^ C C- f\j 








■ r-l OJ r^ rH n- r^i 




















n> 




















































fvj TO lf\ U^ Q vO 
u-v r\J m O O^ -H 






T 














■■i 


rH 




■J 


■r 








-I 




t", TO U-. AJ lA fNJ 


TO 


^ 










-J r-" -4- o^ o^ --r 


rH 




-i U". 


-^ --v 't 


r-, 




l<l 


r'\ tr. sCl > vO -.r 


.f 




-r 


^0 •'0 vD TO vD I 


r^ 




-T 


r C^ C- {T- sO T- 










r* 






■ If -^ cro -J 


^1 








■"* 




r-l 




~^ 




rH 




^ 




'"' 








r-l 








rH 


-■ ^ r-N rH 


-4" 













^ Oj (H <^ IT. TO. 










^SS3SS 


'■ c^ :^ o -^ TO 


-I 


^^l 




-. ^ sD (TN [■- 'JJ 


■■■ 




fl 


>r\ D- C^ vj- t^ 'J-: 


H r., r-, rs 






rH 


H OJ TOiCM 



33,015 

56,1.^6 

7,046 

3.670 




.!:■ 


C' 


•r. r-i w -o t^ a- 


i 

> 


?. 


^- 


rr n^ 0. oj ii-\ r^ 

vO TO £> t> t> O^ 

H n, r-. ov 


O 
-I 

[> 

rH 




rH 


O C^ CM CO TO 

Q- O OTO -J 

f r-- ^£^ rotr C 

.-H 0^. CA OJ 


- 



■tJ I w to 



C C CO CO ' 
O O 0) 



1 t* t. J^ (0 ■' 

1 0) OJ Ol -P I 

■ > > > O ' 

1 O O O t-^ E 



»*«-. ^D r- CO c 



O +:> +J 
S C B 

o o 



Q r^ O O 



o a' (C ■— 

O rH >, 

^D rH CO t-. 

(1) 0) +J o. g 

O O H O CO 



^ \D [-- TO iT- 



c x: i: j= 

o -p ■•-> -p : 

e c G c ' 

O O O ' 

rH g e s : 






^- O E C C 1 



WW OB 



fN I I 

I Ul CQ 

J= J= J2 

■P -IJ +5 . - 

G G G flt 

O o - - 

E e 



■a W rH f^sO ' 



O rH >. - 
(0 t. ' 



C G < 
O O < 

e e : 



:i (u 0) m 



ss 



O W Q 1^ 



ss 






^^O^^t^C^ rHrvjr^^/u 



V vO r~ (o CT" 



138 



Treasury Bulletin 



FOREIGN CURRENCY POSITIONS- 



Footnotes 



1^/ Worldwide net positions on the last business day oT the 
calendar quarter of nonbanklng business concerns in the 
United States and their foreign branches and majority- 
owned partnerships and subsidiaries. Excludes 
receivables and installment paper which have been sold 
or discounted before maturity, U.S. parent companies' 
investment In their majority-owned foreign subsidiaries, 
fixed assets (plant and equipment) and capitalized 
leases for plant and equipment. 

2/ Foreign branches and majority-owned partnerships and 
subsidiaries only. 

3/ Weekly worldwide net positions of banks and banking 
Institutions In the United States, and their foreign 
branches and majority-owned foreign subsidiaries. 
Excludes capital assets and liabilities. 

^/ Foreign branches and majority-owned subsidiaries only. 



6/ All current assets other than liquid assets and short- 
term trade receivables, and financial assets maturing In 
more than one year from the report date. Includes 
Intracompany accounts, inventories, prepayments, long- 
term trade receivables, long-term Intracompany claims, 
and stocks, bonds, and other securities. Fixed assets 
(plant and equipment) and parents' investment In 
majority-owned foreign subsidiaries are excluded. 

7/ All financial liabilities other than short-term debt and 
short-term trade payables; includes long-term trade pay- 
ables; intracompany liabilities, accrued expenses, and 
liabilities maturing in more than one year from the 
report date. Capitalized plant and equipment leases are 
excluded. 

8/ Outstanding amounts of foreign exchange which have been 
contracted to be received or delivered In the future. 
Excludes spot exchange. 



5/ Monthly worldwide net positions including capital assets 
and liabilities on the last business day of the month of 
banks and banking Institutions In the United States and 
their foreign branches and majority-owned subsidiaries. 

6/ Foreign branches and majority-owned subsidiaries only. 



9/ Columns (1),(3),(5), and (7) less columns (2), (4), (6), 
and (8). 

10 / Representative rates on the report date. Canadian 
dollar and United Kingdom pound rates are expressed in 
U.S. dollars per unit of foreign currency, all others in 
foreign units per U.S. dollar. 



SECTIONS II THROUGH X 



1/ Positions of nonbanklng business concerns in the United 
States and their foreign branches and majority-owned 
partnerships and subsidiaries. In sestion X, positions 
of foreign branches and majority-owned partnerships and 
subsidiaries only. 

2/ Includes unsettled spot foreign exchange purchase eon- 
tracts, as well as currency, demand and time 
deposits, negotiable and other readily transferable 
financial Instruments maturing in one year or less from 
the report date, and Intracompany claims and loans to 
other parties repayable on demand. Other loans, 
accounts receivable, and unaccepted trade drafts are 
excluded. 



1' 



Includes unsettled spot foreign exchange sales 
contracts, Intracompany liabilities, other short-term 
trade payables, short-term borrowings due In one year or 
less from the report date, and the current portion of 
long-term debt . Other loans , accrued expenses and 
accounts payable are excluded. 



Due in one year or less; includes Intracompany trade 
receivables. Receivables and installment paper sold or 
discounted before fl»turity are excluded. 



11 / Banks and banking institutions in the United States and 
their foreign branches and majority-owned subsidiaries. 
In section X, foreign branches and majority-owned sub- 
sidiaries only. 

12/ Excludes capital assets and liabilities. 

13 / Includes both spot and forward exchange contracts. 

1^ / Sum of columns (3) and (8). 

15/ Sum of coluims (y) and (9). 

1 6/ Sum of columns (5) and (10). 

17/ See footnote 10. 

18/ See footnote 11. 

19 / Fixed-rate loans are reported by time remaining to final 
maturity or the nearest call date, whichever is earlier, 
and floating-rate loans by time remaining to the nearest 
interest-fixing date. 

20/ Option forward exchange contracts are reported by time 
remaining to the nearest option exercise date. 

21/ Sum of colunns (3) and (6). 
r Revised. 



5/ 



Due in one year or less; Includes Intracompany trade 
payables. 



J low njl-7 



FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS 
Section II - Federal Credit Programs 
Table GA-II-1. - Direct Sales and Repurchases of Loans 



ly) 













(In 


millions 


of dollars) 
















Total 


Export- Import 
Bank of the 
United States 


Farmers Home 
Administration 


Housing and Urban Development Departmeni 


Small Business 
Administration 




Fiscal year 
or month 


Government 
National Mortgage 
Association 


Office of Secretary 
1/ 


Veterans 
Administration 




Sales 


Repur- 
chases 


Sales 


Repur- 
chases 


Sales 


Repur- 
chases 


Sales 


Repur- 
chases 


Sales 


Repur- 
chases 


Sales 


Repur- 
chases 


Sales 


Repur- 
chases 


1'*^ 

IQhQ 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

T.Q 

1976- Apr 

May 

June 

July 

Aug 

Sept 

Oct 

Nov 

Deo 

1977-Jan 

ret 

Mar 

Apr 

Fiscal 1977 
to date 


1,070 
1,337 
2,115 
2,548 
3,045 
5,257 
3,903 
7,829 
11,666 

1, 397 
1, ■->!-' 
1,0 31 

433 
1,716 

610 
1,U2 

508 

789 

1,446 

1 

320 

76 

4,282 


2U 

428 

842 

305 

781 

330 

1,141 

1,55Q 

1.281 

4^'2 

U4 

38 

75 

120 

227 

93 

75 

16 

488 

38 

44 

436 

l.iao 


'11 
379 
406 
269 
248 
145 
21 
21 
loO 

4 

26 


261 

4 

187 

20 
3 

104 
50 


974 
959 
1,668 
2,005 
2,430 
3,324 
2,172 
6,415 
4,247 
1 , 070 

501 
314 
18 

400 

450 
22iJ 
'1.00 
14 
'iOO 

1 


174 

405 

569 

287 

574 

284 

1,105 

1,524 

1,148 

4l4 

91 
26 
34 

73 

117 

224 

93 

71 

12 

484 

34 

39 

4 33 

1,167 


2,300 
1,501 
1,232 

6,963 
1,592 

379 

1,493 

'110 

33 

1,255 

294 

540 

482 
210 

238 
1 

1,521 


- 


- 


- 


30 


15 
6 

2 
1 

3 

3 


38 
244 
358 
488 
209 
163 
294 

Q6 

13 
77 

96 

2 

12 

79 

IQ 
75 

186 


24 
17 
12 
12 
19 
25 
30 
32 
29 
■6 

3 
2 
3 

2 
2 
2 

4 

4 
4 
K 
J 
3 

23 



1/ Includes college housing, elderly housing, and public facility loans. 
* Less than $500,000. 



140 



Treasury Bulletin 



FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS 

Section II-Federal Credit Programs 
Table GA-II-2. - Direct and Guaranteed Loans Outstanding March 31, 1977 



'Ti. thousands of dollQrt ) 



/Uent-y and pro»:ram 



r-ATiolly cwned Oovernracnt enterprU" 
United States dollar loans 
Funds appropriated to the President; 
Appalachian regional developnjent programs: 
Appalach Ian hous ing proi^ram 



Expansion of Defense Production; 
Treasury Department 



Foreign assistance: 

International security assistance: 

Emergency security assistance for Israel... 

Foreign milltaiy credit sales 

Liquidation of foreign militaiy sales l\ind: 
Long -terra credits 



Military credit sales to Israel 

International development assistance: 
Bilateral assistance: 

Agency for International Development: 

Alliance for Progress, development loans... 
Conroon defense, economic, and triangular 

trade loans 

I^velopinent loan fund liquidation account.. 

Development loans 

Hous ing guaranty fund 

Grants and other programs 7". 

Total Agency for International Development. 

Overseas Private Investment Corporation 

Total funds appropriated to the President 



Agriculture Department: 

Cotamodity Credit Corporation: 

Conmodity loans 

Long-term dollar credit sales 

Short-term export sales credits 

Storage facility and equipment loans 

Investments acquired in settlement of claims. 



Total Commodity Credit Corporation.... 

Consumer Protection and Services: 
Agricultural Mari<eting Service: 

Milk market orders assessment fund.. 
Farmers Home Administration: 

Agricultural credit insurance fund; 
Farm ownership loans: 

Farm enterprise 

Nonfarm enterprise 

Operating loans 

Guaranteed operating loans 



Recreation loans. 

Soil and water conservation loans 

Emergency loans 

Guaranteed emergency loans 

Guaranteed emergency livestock loans 

Emergency loans re financed 

Indian land acquisition loans 

Grazing, recreation, irrigation, and forestry 

loans 

Watershed works of improvement and flood 

prevention loans 

[Resources conservation and development loans.. 

Credit sales of real property 

Programs in liquidation 



Total agricultural credit insurance fund 

Bural development insurance fund: 

Water and waste disposal loans to associations. 

Coiaainity facilities loans to associations 

Business and industrial development loans 

Guaranteed business and industrial devel. loan:: 
Credit sales of real property 



Total rural development insurance fund. 
Footnotes at end of section. 



liiv-ct loans or credit 



Amount 
outstanding 



V4l 

58 

648,530 
■505,204 

8,073 

392,500 



3,348,426 

25,420 ij 
129,216 
7,105,636 

1,502,227 

12,113,925 

2;,5'^a 



14, 088, 6 I'D 



1,990,454 

4,877,436 

1,035,441 

136,149 

8,332 



8,04 



,812 



333,894 

4,272 

190,485 

811 
16,994 

259,902 



647 
5,668 

14,126 

11,612 

1,430 

1,152 

359 



Maximum 
authority 1/ 



741 
58 

648,530 
905,204 

8,073 

392,500 



3,472,513 

25,420 

129,216 

8,173,321 

',274,427 



1,990,45. 
4,877,4361 
1,035,441)6/ 
136,1491 
8,332 



333,892 

4,272 

190,485 

8111 
16,994| 

259,902 11/ 



2/ 



647 
5,668 

14,12Sl 



841,361 li/ 



179,231 
47,214 
10,901 



2;v,,<49 



11,612^2/ 
1,43 
1,152 
:-5a 



179,231 
47,214. 

10.901 



Oj'irantccs una int^uraru 



Amount 
outstanding 



2,688,375 



577,835 



577,8-5 



1,:-M;- 



2,778,555 
37,456 

1,005,398 

34,683 

8,407 

78,725 

849,047 
72,451 

439,511 

3,496 

29,318 

164,719 

55,983 

13,928 

8,018 

768 



5,580,463 1!J 



2,215,011 

230,138 

11,047 

740, ill 



2,7O6,o07 



Maximum 
authority 2/ 



Government 
fee or premium 



2,688,375 



727,582 



786,320 



2,778,555 
37,456 

1,005,398 

34,683. 

8,407 

78,725 

849,047„ 
72,451 

439,511 

3,496. 

29,318 

164,719 1 

55,983 
13,928j 

8,018 
768 



2,215,OU 

230,138 

11,047 

340,411 



1/- ■ 



1/2-2? 



1/2—2-3/4? 



8/ 



8/ 



§/ 



_S/ 



Interest 
ran^e 
(Percent) y 



J— 8-1/2 ST 



3—5 



3—6-1/8 



3/4- 6 

3/4—5-3/4 
3/4—6 

5—9-1/4 

1-6 



arious 


1 


ro 


Various 


Do 


Do 


» 


5 



9.25 

Various 



ii.' 



Maturity 
range 
(.years) y 



1/2 to In- 
definite 



20 
Up to 10 ST 



3—10 ST 
25 ST 



8—40 

8—40 

5—40 

5—40 

15—30 

2 1/2-45 



3—12 



.125-'5.3 


Various 


5 

5 


0—40 

0—40 

71Q/ 
712/ 

0—40 

0—40 


5—3 
5—8 

5— S 

5 


0—40 
0—40 
0—40 
0—40 
0—40 


5 


0—40 


5.683 ST 
5.683 ST 

7—8 ST 


12/ 

0—30 

0—15 



0—40 
0—40 

0—40 
0—40 
0—15 



Jmn- 19^7 



FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS 

Section II-Federal Credit Programs 
Table GA-II-2. - Direct and Guaranteed Loans Outstanding March 31, 1977-Continued 



Ul 



(In thou;r..'ind: of doll..ir^- 



A^ency and program 



I-'iVholly owned Govennir^nt enterpriset 
United States dollar loane - Continued 

Agriculture Department-Continued 

Farmers Home Administration-Continued 
Rural housing insurance fund: 

Rural housing loans 

Rural housing loans to senior citizens.. 
Rural rental and cooperative housintr.... 

Rural houE ing s ite loans 

Labor hous ing loans 

Credit sales of surplus property 



Total rural housing insurance fund. 



Self-help housing land development fund: 
Self-help housing land developn^nt loans 

Total Farmers Home Administration 



Soil Conservation Service: 

Water conservation and utilisation projects 
Watershed and flood prevention operations.. 

Total Soil Conservation Service 

Total Agriculture Ctf?partment 



Commerce Eepartroent; 

Economic Development Administration: 

Loans to aid industiy 

Loans for publ ic works 



Total Economic Dsvelopment Administration. 

Promotion of Industry and Commerce; 

Trade adjustment assistance 

Maritime Administration: 

Ship sales (purchase money mortgages) 

Federal ship mortgage insurance fund: 

Direct loans 

Guaranteed loans 



Total Maritime Administration. 



Science and Technology: 

National Oceanic and Atmospheric Administration: 
Federal ship financing fund, fishing vessels.. 
Fisheries loan fund 



Total National Oceanic and Atmoeplieric 
Administration 



Total Commerce I>partraent . 



Defense l>partment: 
Military: Defense production guarantees 
Arrny . 



Navy. 



Total defense production guarantee;; 

Civil: 

F^'u}:yu Islands, construction of power system 

Total De f ense Department 



rect loant^ or rreeJit 



Amount 

..-^tand In? 



Health, Education, and Welfare Department: 
Health Resources Administration; 

Health services planning and development: 

Community facilities 

Construction of hospitals and other medical 
facilities 



Total health services planning and development 
Medical facilities guarantee and loan fund 



Health teaching facilities construction: 
Guaranteed loans 



Health maintenance organizations loan 
Guaranteed and loan l\itid 



281/^77 

6,701 

67,67i 

551 

9,488 





.'■ CO 


429 


.7. 


1 


445 


411 




1 


421 

•xa 




1 


442 


'-• 


4^1 i. 


86° 





320,795 

16;S654 

484,44" 



i'',~;i 

l'',.-21 
l>;:,a54 



461 
1,772 







7 


oi 


4 


I'J,-'-. 



128 
47,800 
47,028 



14,132 



Max i mum 
authority '\j' 



281,777^ 
6,701 
67,674)18/ 



551 

9,488 

2';H 



421 

l.iCl 



;i20,7'^5 
163,654 



1- 



21 



15,821 
16,Q54 



461 

20.000 



Guarj.ntee: and 



.Ijmjiint 
outstanding 



251 
48,695 



16,109 2i/ 



14, 132 



10,918,633 

272,514 

782,061 

4,247 

24 , -'91 



12 


001, e4b 


_ 


;'ii.^'78,9ib 


- 


- 


21J 


■:7£,°16 





416.760 



4, 14'-., 760 



1,521,850 
66,468 
15,034 



10,918,633 
272,514 
782,051 
4,247 
24,391 22, 



&)vemmc-ijt 
or rr- 



3/ 
3/ 



1/2?. ST 



7,000,000 



1,7/3, 8C-1 2i' 
74,":'32 
15,034 



3/4? 



1/4?— 1? 



Interest 
range 

frercrent) ^ 



Maturity 
range 

■y^arEl y 



16/ 


17/ 


0—33 


16/ 


17/ 


0-33 




19/ 


20/ 




■ii/ 


2 ST 




Tot 


0—33 ST 




22/ 


0—20 



3 ST 



4-8-1/8 
3-3/3-3-1/4 



3-1/2 ST 



3.7—9 
3.7—9 



6—9.2 
3—8 



0—50 ST 



Up to 25 ST 
Up to 40 ST 



25 ST 
25 ST 



15—20 
3-10 



10-1/2—13-1/2 



2-1/3-2-3/4 


30 


2-1/2-5-1/4 


39—50 


6.695—10.585 


25 


8.35—10 


30 


7.25—9.21 


20 



Footnotes at end of section. 



142 



Treasury Bulletin 



KINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS 

Section II-Federal Credit Programs 
Table GA-II-2. - Direct and Guaranteed Loans Outstanding March 31. 1977-Continued 



(In t-houc^nd of dollar:^} 



Agency and program 



Direct loans or credit 



Amount 
outstanding 



Maximum 
authority 1/ 



Guarantees and Insurance 



Amount 
outstanding 



f/aximuni 
authority g/ 



GoveriLr.ent 
fee or premium 



Ir.tereSt 

r-inge 

( j^ercent; 



Maturity 
range 

f Years) '</ 



I-WholL-, 
United .-• 



inment enterprises 
loans - Continued 



Health, Educaticii, u.j ntrxinre Department-Continued 
Health Resources Administration-Continued 
National Institutes of Health: 

Health professions education fund 

Nurses tra ining fund 

Health manpower: 
Other student loan programs 



Total Health Resources Administration. 



Office of Education: 

Student loan insurance fund 

Higher education facilities loan and insurance 

fund 

Elementary and secondary education 

Higher educational loans to institutions 

Advances for reserve funds 

Federal capital contributions 



Total Office of Education. 
Assistance to refu^- 



Total Health, Educai 



:"are Department. 



Housing and Urban Development Department: 
Housing production and mortgage credit: 
Federal Housing Administration: 
Revolving fund: 31/ 

Property improvement loans 

Purchase money mortgages 

Mortgage insurance loans 



Total Federal Housing Administration 
revolving fund 

College housing loans 

Nonprofit sponsor assistance 

Low-rent public housing: 

Loans to States, territories, etc.... 
Purchase money mortgages 



Total low-rent public housing 

Total Federal Housing Administration. 



Government National Mortgage Association: 
Management and liquidating functions... 
Special assistance fxmctions: 

FHA-VA loans 

Conventional mortgage loans 

Guarantees of mortgage- 
backed secur it ies fund 



Total Government National Mortgage Association. 

Housing management: 

Community disposal operations fund 

Revolving fund, liquidating programs 

Community planning and management: 

New conmunities guarantee fund 

Cominunity development: 

Rehabilitation loan fund 

Urban renewal fund: 

Direct loans and planning grants 

Guaranteed loans 



Total Housing and Urban Development Department. 

Interior Department: 
Public land management: 
Bureau of Indian Affairs: 

Liquidation of Hoonah Housing Project 



Revolving fund for loans: 
Cooperative associations. 
Corporations and tribes.. 

Credit associations 

Expert assistance 

Individual Indians 



Total revolving fund for loans. 

Territorial Affairs: 

Public works 

Rehabilitation in Guam 



Total Territorial Affairs. 



-'urvey: 

Investigations, and research. 



Footnotes at end of section. 



23,623 
9,363 



527,551 

455, 4^^ 

551 
11,118 
19,711 

,139, 3^2 22/ 



I. 


151 


762 




29 


186 


A 


618 


901 



23,623 
9,363 



527,551 

779,250 

<;l,<.20 

25,520 

30,000 

,188,348 22/ 



29,186 22/ 



5— 6-1 '/. 



3—5-1 '2 



20 
20 



l,i03,352 



, 468,000 



V4*ST 25/ 



4 


468 


000 


- 


5 


871 


352 



76,197 

437,581 

2,834,065 



47,843 



J76,371 
1,442 



79,630 
538 



76,197 

437,581 

2,834,065 



5,011,000 ii/ 
1,442 



79,630 
538 



518,237 2Z/ 518,237 



87,105,240 



87,105,240 



.33— 1% 

0—1% 



87,623,477 12/ 



l.:,a8o,655 



80,168 



6,505,824 



256,929 12/ 



3,228,176 12/ 
472,535 

l,71u 



7,750,186 
12,750,000 



3,959,350 



3,064 

5 36.117 



45,--- 

■Ul.gn; 
95,055 



11,446,692 



1,10.'. 
40,1— 
; .V'l 
l.cfc' 
3,750 



49,287 



520 
■:<■ ,114 



13,989,655 



101,613,132 



?,064 
5:it,117 



390,000 
95,055 



1,710,526 



103,604,658 



1,104 
40,177 
2,591 
1,665 
3,750 



13,089,655 



740,500 



1,710,526 



12/ 



Various 




Various 


3-3-3/4 

7/8—8 

-/3— 8 

3 


ST 


3—40 

Up to 10 
Up to 15 
26/' 
12—15 ST 22/ 


3 


ST 


Up to 15 22/ 



9.41—12.00 ST 

4.00— 9.;: =T 
3.00— 9.5; ;: 



2-1/2 — 8-3/4 
3—5-1/2 



-1/2—8-1 '2 ^ 
-Jb/ 



5-1/4—7-1/2 



-7-3/4 



Various 
Do 



3—5-1/2 
3—5-1/2 
2—5 

5-1/2 

0—5-1 '? 



5-3/4—10-1/4 



0—15 ST 
0—40 ST 
a— 40 ST 



30—50 
1/2 



Demand — 40 

4—36 ST 



ib/ 
25—30 



^ 



10—30 



20 



3—20 

Various 40/ 
Various 



25 

0—30 
0—30 
0—30 

n— 25 



30 
30 



0—13 



June 1977 



143 



FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS 

Section II-Federal Credit Programs 
Table GA-II-2. - Direct and Guaranteed Loans Outstanding March 31. 1977-Continued 



(In thousands of dollars) 



Agency and program 



Direct loans or credit 



Amount 
outstanding 



Maximum Amount 
authority 1/ outstanding 



Guarantees and insurance 



Maximum 
authority 2/ 



Government 
fee or premiun 



Interest 
range 
(Percent) 2/ 



Maturity 
range 
(Years) y 



I-Wholly ovmed Government enterprises 
United States dollar loans - Continued 

Interior Department - Continued 
Water and power resources : 
Bureau of Reclamation: 41/ 

Irrigation distribution systems 

Small reclamation projects 



Total Bureau of Reclamation, 
Total Interior Department 



Justice Department: 

Law Enforcement Assistance Administration: 
Loans to law enforcement students 



State Department: 

Eme rgen cies in the diplomatic and consxilar se rvice .. 

Loan to the United Nations headquarters 

Loan to the United Nations 



Total State Department. 



Transportation Department: 

Federal Aviation Administration: 
Aircraft loans: 

Guaranteed loans 



Federal Highway Administration: 

Right-of-way revolving fund 

Federal Railroad Administration: 

Loans to railroads 

Railroad loans acquired by default,,., . 



Trustee certificates of railroads. 
Urban Mass Transportation Administration: 

Urban mass transportation fund 

Washington Metropolitan Area Transit 
Authority bonds : 



Total Transportation Department. 



Treasury Department: 

Receivable from foreign banking institutions 

RFC loans in liquidation 

Miscellaneous loans and other credits; 

Greece - World War I 

Hungary 



Turkey 

Lend-lease and surplus property 

Loan to the United Kingdom 



Total Treasury Department. 



Energy Research and Development Administration: 
Long -term rece ivables 



General Services Administration: 
General activities: 

Liquidation of Virgin Islands Co'^poration. 

Surplus property credit sales 

Guaranteed loans 

Federal buildings fund 

Total General Services Administration 



Veterans Administration: 

Direct loans to veterans and reserves.... 

Education loans 

Loan guaranty revolving fund: 

Acquired mortgages 

Guaranteed mortgages 

National service life insurance fund 

Service-disabled life insurance fund 

U.S. Government life insurance fund 

Vetersms insurance and indemnities 

Veterans reopened insurance fund 

Veterans special life insurance fund 

Vocational rehabilitation revolving fund. 



Total Veterans Administration. 



Independent agencies: 

Community Services Administration: 

Community Services Administration loan fund: 

Loans to individuals 

Loans to cooperative associations 



Total Community Services Administration. 



l,<i 




30r.,^ ■! 




1^7 


4H0 



2,345 
Q.OOO 



177 ^fo 
A8,1''1 



1 . hq? 

12,436 

609 

114,000 
1,390,586 
2,557.762 



4,077, 



55,b44 



58,931 



13,140 



1,001,81.6 
20,091 
54.028 
1,25Q 
26,174 
4C..OIQ 



S,748 
10,022 



69,168 
131,663 



147,490 



2,345 
9,000 
35,808 



132,825 480,000 



300,000 



25,995 
54,001 



57,476 



1,695 

750 

12,436 

609 

114,000 
1,390,586 
2,557,762 



71,961 



3,287 
55,644 



643,546 
13,140 

986,975 

,491,999 
115,890 46/ 
376,909 ib, 

6,118 

308,010 i6, 

385,480 ib, 

385 



8,748 
10,022 



896,480 

60,778 



4,875 



2,400.000 
125,000 

997,000 



1/4? 



l/4fo 
1/44 
7/8f 



3—4-1/8 42/ 



9-1/4 



22—50 
22—50 



1% above 
prime rate 



34 St 



10 ST 
2— 7 ST 



48,750 
736,500 



32.385,953 



32,385,953 



32,385,953 42/ 



-iX- 



<w: 

7.8—8.1 

3-5/8-8-1/2 
7.30—8.35 



4 
6 

2 

3—3-1/2 

0—3 
0—2-3/8 

0—2 



.385—3 .■ 



4—7-1/2 



5—6-1/2 

4-1/8—10-1/4 

5-1/2—7-1/2 

8.03-8.5 



4—9-1/2 ST 
8 ST 

3—9-1/2 ST 

3.-9-1/2 SI 

4—5 

4—5 

4—5 

4—5 

4—5 

4—5 



4-l/« 
4-1/8 



1—20 ST 
15 ST 

1-31 
40 



84 

61 

30 
56 
55 



0—12 
0—30 



7—30 ST 
Indeflnte 

7—30 ST 
7—30 ST 
Indeflnte 

to 

Do 
Do 
Do 
Do 
Bo 



15 42/ 
30 45/ 



Footnotes at end of section. 



144 



Treasury Bulletin 

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS 



Section II-Federal Credit Programs 
Table GA-II-2. - Direct and Guaranteed Loans Outstanding March 31, 1977— Continued 



(In thousands of dollars} 



M^eticy find propram 



Direct loans or credit 



Amount 
outstanding 



Maximum 
'juthority 1/ 



Gurtrfintees ynd insurynce 



Amount 
outstanding 



Maximum 
authority 2/ 



Governi&ent 
fee or premium 



Interest 
range 
(Percent) 1/ 



Maturity 
range 
(Years) y 



I-Wlwlly owned Government enterprises 
United States dollar loems - Continued 

Independent agencies-Continued: 
District of ColumbiB: 

Loans for capital owXl^y 'J' ^j Ji^ 

Advanceato Stodixim sinking fund. Armory 

Board i2/ 

R... ,,-_...>ii(^ iidvances to the D.C. general fund. 



■ lot of Columbia 

:-/!. :, nuurjiitee Board: 

Liiiertjeiioy 1 ■ ■■i^ fund 

Exporl-Inpor- United States: 

Equipment fin., o^i . . - ,oans 

Conmodity loans 

Emergency loans 

Di scount loans 



Export-Import medium term guarantees 

Certificates of loan participation 

Insurance issued through the Foreign Credit 
Insurance Association: 

Hedluo term Insurance 

Short term insurance 



Total Export -Import Bank of the United States.. 
Federal Home Loan Bank Board: 

Federal Savings and Loan Insiareince Corporation: 

Loans to insured institutions 

Loans acquired from insured institutions 

Revolving fund 



Total Federal Home Loan Bank Board. 

Interstate Commerce Commission: 

Railroad loans purchased 

Railroad loans guaranteed 



Total Interstate Commerce Commission, 



National Credit Union Administration: 

National credit union share insurance fund. 

Small Business Administration: 

Business loan and investment fund; 
Financial assistance program: 

Business loans 

Displaced business loans 

Economic opportunity loans 

Handicapped loans 

Local development company loans 

State development company loans 

Trade adjustment assistance loans 

Investment company assistance program: 
Loans and debentures purchased 



Total business loan and investment fund. 

Disaster loan fund: 

Financial assistance program: 

Disaster loans 



Total Small Business Administration, 
United States Railway Association: 
Direct loans 



Subtotal 

Held by lending institutions not guaranteed or 
insured by the Federal Government 



Total budget Federal agencies. 



Off -budget Federal agencies ^1/ 



Federal Financing Bank 

Rural Electrification Administration: 

Rural electrification and telephone revolving 
fund: 

Electric systems 

Appliances and equipment 

Telephone systens 

Rural Telephone Bank : hi/ 
Telephone systems 

Total Rural Electrification Administration.... 

Housing and Urban Developinent Department; 
Housing production and mortgage credit: 

Housing for the elderly or handicapped 



Total off-budget Federal agencies. 



Total Part I 

Footnotes at end of section. 



1,186,583 

A16 
40,750 



11,107,725 
69,670 
118,385 
U-;,13S 



11, 4;'^, ^1^ 



13,991 
25,943 



39,934 



837,625 
250,881 
232,511 

18,763 
201,851 

11,576 
1,440 

208,671 



l,7tj,;3e 



1,376,293 



,i:^/ 



218,145 



64,165,700 



19,829,926 62/19,82^,926 



C4, 165, 700 



1,186,583 



416 
40,750 



14,731,571 

103,272 

118,385 

1,694,889 



80,000 



2,411,992 
41,433 



;-:8],4^j.-^ 

l,04V.r.lo 



13,991 
25,9'i3 

4,000,000 



2,551,071 12/ 



3,782,502 



- 


'0 


065 


"yZ 


065 


' . -i-'l 



1,376,29:- 



7,1X13,129) 
1,860,339 
441,592 



11,752,492 
3,0/.Q,86g 
441,592 



39,641,067 



93,806,767 



,166,733 

1,817 

84,495 

1,QW 

184,:"' 



406,557 



5,743,511 

50,739 12/ 



942,666 
3,138,952 



2.3— 2.75i6 



1/2* 






3/8* 



4,646,167 



9,006 



4,555,17 



181,547,600 
36,031,609 52/ 



217,579,200 60/ 



58/ 



6,;:6b,24i 
393,875 



l/4« 
1/4* 
1/4* 



217,579,209 



2-5/8—8-3/8 
6-1/4 —7-3/4 SI 

5.59—8.40 

2-3/8—9-1/2 
5-3/20—9 

3—7-7/8 
Various 



5—40 ST 



2—40 
2—3 
6—22 
1/2-5 

a/ 1/4—12 
6—8-1/; 3—8 



5—6-1/2 
4-3/4-8-1/2 
7-7/8—8-3/8 



4-1/2—9-1/2 
4-1/2—9-1/2 



6-5/8 ST 
6-5/8 ST 

3^ 
6-5/8 
8 
7-1/4—7-7/8 ST 

is/ 



b-i/B ST 



5—9-1/8 



1/2—5 
Up to 180 days 



1—25 
1—25 



5.131—9.333 



10 sr 
30 ST 
15 ST 
15 ST 
25 ST 
20 
25 ST 

15 ST 



30 



1/4—15 



Up to 35 years 



2-5 

2-5 SJ/ 
2—5 


35 sr 

35 ST 
35 ST 


62/ 


35—50 ST 



June 19^7 



FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, 



145 



Section II-Federal Credit Programs 
Table GA-II-2. - Direct and Guaranteed Loans Outstanding March 31, 1977-Continued 





(Ii 


thousands of 


dollars) 












Direct loans or credit 


Guarantees and insurance 


Interest 
range 
(Percent) J/ 




Agency and program 


Amount 
outstanding 


Maximum 
authority 1/ 


Amount 
outstanding 


Maximum 
authority ZJ 


Government 
fee or premium 


Maturity 
range 
(Years) 2/ 


1 1 -Wholly oTmed Government enterprises 
Loans repayable in foreign currencies 

Funds appropriated to the President: 
International development assistance: 
Bilateral assistance: 

Agency for International Development: 

Development loan fiind liquidation account 

Private enterprises 6^ 

Common defense, and triangular trade loans 

Community credit guaranty loans ^7/. 

Productive credit guaranty loans 


>U.1.,8 

6e.S28 

1,2b..-, 058 

514,116 
2,207,150 


341,148 

88,828 

1,264,21* 

514,571 

20.401 
1,4^7 

6,139,998 
12,703,220 

19,943,566 
/ 1/ jt^r> >Qfl « 


441 


1,075 
6,000 


l/2« 
l/4« 


3/4—8 
3-1/2—18 
3/4-7-1/2 
8—16 

1/2—6-1/2 

0—2-3/8 

6-8-1/4 

6.6—7.4 
8—9-1/4 

7-1/2—9-1/2 
7-1/4—10-7/8 

4-1/2—10 
5.66—9.5 


4-41 
0—7 

2-42 




Total funds appropriated to the President 

Treasury Department: 

Lend-Lease and surplus property 


441 




20,401 


- 


At request of 


Other independent agency: 

nm"t.f»rl Sta+.fiR Tnf nrrrtntion AgpiT'y , , 


1,4 "'7 


. 


10—30 




Total Part II 


2,228,968 

6, 139,998 
12,703,220 

19,943,566 
38,786,784 

14 462 ^98 68 


441 




Ill-Privately ovmed Government-sponsored enterprises 
Farm Credit System: 

Banks for cooperatives: 


- 


1 20 


Federal intermediate credit banks: 


1—7 


Federal land banks: 


5—40 








- 








Federal Home Loan Bank Board; 
Federal home loan banks: 


/ 


Up to 10 
28 


Federal Home Loan Itortgage Corporation: 


?, 424, til 22/ 3,424,633 






Total Federal Home Loan Bank Board 


17,887,0)1 


31,671,b40 
424.915 


- 










31,671,640 
. 424,915 


_ 


20—40 




Up to 15 






Total Part III 


88,770,370 


- 









Source: Bureau of Government Financial Operations. Based on quarterly 
reports received from agencies pursuant to Treasury Circular No. 966, 
Revised, 

1/ If the maximum authority is Indefinite, an ajaount equal to the loans 
outstanding is shown in this column. Certain ajcounts have been noted 
to indicate factors affecting the indefinite amount. Authority for 
credit sales of realty and loans In liquidation is stated In amounts 
equal to the amounts outstanding. 

2/ If the maximum is indefinite, an amount equal to the guarantees and 
insurance outstanding is shown in this column. Certain amounts have 
been noted to indicate factors affecting the indefinite authority. 

2/ Figures ahown in this column are applicable to both direct loans or 
credit outstanding, and guarantees and Insurance outstanding if 
amounts are shown under both headings; otherwise they are applicable 
to the amounts under the heading shovm. 

U Administrative - rates are from % to 7-7/85? on direct loans; various 
rates on guaranteed loans. No statutory provisions, 

iJ Represents loans made in foreign currency, repayable In U.S. dollars. 

6/ Statutory limit for public debt borrowings is $14,500,000 thousand, 
of which $4,288,050 thousand was in use as of March 31, 1977. 

2/ Loans made and not disposed of shall not exceed $500,000 thousand at 
any time. There is no limit on loans acquired, 

£/ Administrative - differences, if any, between interest rate to bor- 
rower and interest rate to lender: statutory - borrower shall pay 
such fees and other charges as the Secretary may require, 

2/ Statutory - determined by the Secretary of the Treasui^ taking into 
consideration the cuxrent average market yield on U.S. marketable 
obligations outstanding with remaining periods of maturity comparable 
to average maturities of the loans. 
10/ Administrative - not to exceed 7 years; however, last installment 
may be refinanced for 5 years; statutory - may not exceed 7 years, 
but may be renewed for not more than 5 years. 
11/ There is no limit on emergency loans that may be made, 
12/ Rate negotiated between lender and borrower. The rate shall be 

legal and reasonable. 
Vy Administrative - may not exceed shortest of following: (1) local 



statutory limitations, (2) 50 years from date principal benefits 
from works of improvement become available, or (?) useful life of 
improvement. Statutory not to exceed 50 years from date principal 
of works of ijnprovement become available. 

%iJ Authority for labor housing and rural rental housing direct and 

guaranteed loans was transferred to the rural housing Insurance fund 
by an act approved August 10, 1965 (42 U.S.C. 1487). 

1^/ Current rate plus .125 percent, 

16/ Administrative - direct: loans for natural disasters, interest is 
determined monthly. Rate of 8% on loans not to exceed $1,000 to 
low and moderate income families pursuant to Section 502 of the 
Housing act of 1949, as amended. Rate for Section 504 loans is 1%. 
Guaranteed; loans to low or moderate income borrowers, 8^; above 
moderate income borrowers, 8^ plus .5% insurance charge. 

22/ Statutory - direct and guaranteed loans to low and moderate income 
borrowers: determined annually by the Secretary of the Treasury, 
considering current average market yield on U.S. marketable oblig- 
ations outstanding of comparable maturities, adjusted to nearest 1/8 
of \io, less not to exceed differences between adjusted rate and 
1% per annum. Guaranteed loans to above moderate Income borrower: 
as determined by the Secretary at rates comparable to combined ^ratea 
of interest and premium charges in effect under Title 12, Section 
1709, 

2^ Maximum authorisation for direct rural housing loans Is $,iO,000 
thousand. 

12/ Administrative - direct %\ guaranteed, 9^. Statutory - rate 

determined annually by the Secretary of the Treasury, considering 
current average market yield on outstanding U.S. marketable oblig- 
ations for comparable maturities adjusted to nearest 1/8 of \%, less 
not to exceed difference between adjusted rate determined by the 
Secretary and Vfa per annuw, 

20/ Administrative - direct, not to exceed 50 years; guaranteed, not to 
exceed 40 years except for loans to provide housing for Senior 
citizens only will not exceed 50 years. Statutory - as determined 
by the Secretary. 



146 



Treasury Bulletin 



FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, 



Footnotes to Table GA-II-2.-Continued 



22/ 
22/ 

2i/ 

22/ 
24/ 

27/ 

22/ 
J2/ 

a/ 

2/ 

22/ 



3i/ 

23/ 

42/ 

id/ 
&/ 

i2/ 
UJ 

ii/ 

i6/ 
42/ 

4a/ 

42/ 



5i/ 
12/ 

iJ/ 
iA/ 



■ *-lve: Jtrect 3Sf, guaranteed 8$. Statutory rate is 
l.-ji annually by the Secretary of the Treasury, conatderLng 
eorrent nverage rcaricet yield on outBtQiuUng U.S. marketable obliga- 
tions for oomperoble cBturlties adjusted to nearest l/8 of 1*. 
Maxinium authorisation shall not exceed $25,000 thousand each fiscal 
year. 

Adninistrative - direct, current interest rate for eligible (moderate 
inco3ie) applicants, ?.%', ineligible (above - moderate) applicants' 
interest rate, 0,% plus 0.53f insurance charge. Statutory - determined 
by the Secretary. 

Maximum authorizoticHi far direct and guaranteed loans amounts to 
$1,750,000 thousand which has been prorated between the direct loans 
and the ^ua/'snteed loans . 

Represents premium on insured loans; there is no premium on t^uaran- 
teed loons. 

Advances shall be peld within such period as the Commissioner may 
deem appropriate in each case, dei)ending on the maturity and 
solvency of the reserve fund . 

Represents loar.6 to students in Institutions of higher education. 
After June JO, 1930, and not later than December 31, 1980, there 
shall be a capital distribution of the student loan fund and not 
less than quarterly thereafter. 

Loan allocations are made when needed as determined by surveys of 
institutions. 

Loans to students are repaid directly to the U.S. Government during 
a 10-year period beginning nine months after atudent leaves school. 
Figures as of December 31, 1976, the latest available. 
Represents estimated insurance on loans outstanding and loan reports 
in process of $2,652,213 thousand. 

Includes interagency holdings by the community disposal operations 
fund and the Government National Mortgage Association, and loans 
held by the Federal Home Loan Mortgage Corporation and the Federal 
National Mortgage Association (see footnote 68 in Pert III of this 
table) . 

Represents maximum authority to borrcw from the Secretary of the 
Treasury, and funds provided by sales of participation certificates. 
Includes loans insured by the Federal Housing Administration and 
loans guaranteed by the Veterans Administration. 

Determined by the Federal Housing Administration and the Veterans 
Administration. 

Calculated monthly in reference to average yield of 6-12 year 
Treasury borrowings. 

Includes loans of $2,(il9 thousand insured ty the Federal Housing 
Administration , 

Statutory - application fee, $10 thousand; commitment fee, 0.5? of 
principal up to $30,000 thousand and O.ljK over $30,000 thousand. 
Guarantee charges, 35^ of principal amount guaranteed. Annual charge, 
0.5? of outstanding amount guaranteed for first seven years, 1? of 
outstanding amount guaranteed after seven years. 
Loans nay be paid off at any time ty application of proceeds from 
sales of land or capital grants or by refinancing. 
Figures as of September -30, 1976, the latest available 
As provided by an act approved August 6, 1956 (70 Stat! IO46) loan 
allocations to irrigation land holdings not in excess of 160 acres 
are Interest free. Allocation to nonlrrigation uses and irrigation 
land holdings in excess of 160 acres bear interest based on the aver- 
age rate on certain outstanding U.S. marketable obligations 
The guaranteed loan rates are 5-9?, and Federal funds rate plus 
3/8%. Direct loan rate is ^1/2?. 
Default of guaranteed loans. 

Payment depends on liquidation of Penn Central State. 
These figures are stated on an estimted basis. 
Includes Interagency holdings by the Government National Mortgage 
Association, and loans held by the Federal Home Loan Mortgage 
Corporation and the Federal National Mortgage Association (see 
footnote 69 in Part III of this table). 

Administrative - minimum period consistent with applicant's ability 
to repay, not to exceed maximum maturity set by statute of 15 years 
for loans to individuals end 30 years for loans to associations. 

Statutory - rate of Interest on loans to the District of Columbia 

shall be fixed by the Secretary of the Treasury at the beginning of 
--r.e ^month period In which the loans are made. Current rates 
-- from 2-5/8? to 8-3/3?. 
-sents balances from the Water, Highway, General, Sanitaiy 

. "^-K-e and Wctro Area Sanitary Sewage Works funds pursuant to 

Public Uw 94-333 dated J-jne 30, 1976. 

Shipnent coverage rates as of March 31, 1977, were $0.12 to $6.30 

on each $100 of financed portion (contract price minus cash payment) 

Guaranteed interest rate will be 1? above the Department of the 

Treasury borrowing rate for comparable maturities and will be fixed 

at time of authorization. 

Includes guaranteed interest of ^ 657 thousand 

Shipment coverage rater ■ ■ -^ "--'-h 31, 1977, were $0.53 to $6.62 

on each $100 of f Inane. 

Shlpraent ccrv'*r«>f^e m*-- 

on each $1"" 



:;ontract orlce minus cash T>ayjDent). 
.-; 31, 1977, were $0.12 to %Z,U 



^6/ Statutory formulas set minimum rates baaed on yields of U.S. Govern- 
ment obligations of comparable maturity. Accordingly, rates charged 
may exceed minimum and mny vary from nootb to mon.th.. For 
March 31, 1977, 6-1/231 for ECU, and 7-3/858 for.SBIC debenture purchases. 
i2/ Maximum authorisation totals a,ffl2,500 thousand, which represents 
appropriations made to the Administration. This amount has been 
prorated between the direct loans and the guaranteed loene. 
58/ No limitaticin has been placefl on amount of direct or guaranteed 

loans that may be outstanding at any one time. 
g9/ This figure represents the amount of participation by private enti- 
ties In partially guaranteed U.S. credit programs. This private 
participation in the guaranteed loan programs of the various agencies 
Is as follcws: 

Amount 
(In thousands 
Agency of dollars) 

Funds appropriated to the President: 

Overseas Private Investment Corporation 50,615 

Agriculture Department: 

Agricultural credit insurance fund: 
Fann ownership loans; 

Farm enterprise 223 

Non-farm enterprise 3 

Guaranteed emergency loans 8,050 

Guaranteed operating loans 3,85A 

Guaranteed livestock loans 109,878 

Rural development insuraiwe fund: 

Guaranteed business and indxistrial development loons... 37,823 
Commerce Department: 

Economic Development Adadni strati on: 

Economic development revolving funis 32, 320 

Housijag and Urban Development Department: 

Federal Housing Administration 2,652,213 

Transportation Department: 

Federal Aviation Administration: 

Aircraft loan guarantees 14,759 

General Services Administration: 

Defense production guarantees 43,875 

Veterans Administration: 

Loan guaranty revolving fund 52 , 387,036 

Other independent agencies: 
Small Business Administration: 

Business loan and investment fund 689,719 

Disaster loan fund 1,241 

Total 36,031, 609~ 

60/ Excludes $35,979,326 thousand representing securities issued by the 
Federal National Mortgage Association and other institutions that 
are guaranteed by the Government National Uortgage Association, 
guarantees of mortgage-backed securities fund. These securities are 
backed by the Federal Housing Administration insured or Veterans 
Administrati-on guaranteed mortgages held by the institutions. 

61/ Most outlays of the Rural Electrification and Telphone revolving fund 
and the Rural Telephone Bank has been classified off-budgot since 
May 12, 1973, by an act approved May 11, 1973 (87 Stat. 65-.71) .' The' 
Federal Financing Bank was established as an off-budget Federal agency 
by an act approved December 29, 1973 (87 Stat, 941). Housing pro- 
duction for the elderly or handicapped was classified off-budget 
pursuant to Public Law 93-383, dated August 22, 1974. 

^ Loans made by Federal Financing Bank are included in the guaranteed 
programs of the appropriate agencies. 

63/ Interest is 2? on loans made prior to May 11, 1973. Loans made 
after that date bear int-^res*. ^-x ?? or 5? depending on certain 
conditions stated in r b) of an act approved May 11, 1973 

(87 Stat. 6^). Guarar- vill bear Interest at rate agreed 

upon by the borrower ari^ ..ir i--;..!er. 

64/ This Bank is a mixed-ownership corporation, 

^5/ Interest rate Is average rate of cost of moneys to the telej^one bank 
as determined by the Governor. 

s^ Represents the Cooley loan program established by an act approved 
August 13, 1957(7 U.S.C. 1704 (e)). 

62/ This program was transferred from OPIC to AID, pursuant to Section 
222A of the FAA of 1974. 

68/ Does not include advances of $2,790,4CX) thousand to the Federal 
Home Loan Mortgage Corporation. 

69/ At no time shall the aggregate outstanding advances made by any 
-e loan bank to any member exceed 12 times the amounts 
ri member for outstanding capital stock held by it (12 
. - (c)). 

70/ :j:.i;i3-^ of mortgages Insured by the Federal Housing Adrainistraticai 
and guaranteed by the Veterans Administration amounting to 
$1,563,763 thousand; less unamortised discount of $61,397 thousand; 
participations in conventional loans of $1,001,448 thousand; 
conventional whole loans of $929,775 thousand; less loan loss 
reserve of $8,956 thousand. 

St Statutory. 



JiiiH' 19^7 



.CUMULATIVE TABLE OF CONTENTS. 
July 1976 through June 1977 



147 



Issues and page numbers 



\u^ . Sept . 



Feb. f.Vir. 



[-lay 



Article : 

Treasury financing operations. 



Federal fiscal operations : 

Sunimary of fiscal operations 

Budget receipts by source 

Chart - Budget receipts by source 

Budget outlays by agency 

Undistributed offsetting receipts 

Budget outlays by function 

Investment transactions of Government accounts in 

Federal securities (net ) 

Trust fund transactions 

Selected accrual data reported by Federal agencies 

Detail of excise tax receipts 

Summary of Internal revenue collections by States 

and other areas 

Federal obligations 



Account of the U.S. Treasury : 

Status of the Account of the U.S. Treasury 

Analysis of changes in tax and loan account balances. 
Gold assets and liabilities of the Treasury 

Monetary statistics : 

Currency and Coin In Circulation 



Federal debt : 

Summary of Federal debt 

Computed interest charge and comjjuted interest rate 
on interest-bearing public debt 

Interest-bearing public debt 

Maturity distribution and average length of market- 
able interest-bearing public debt 

Government account series 

Interest-bearing securities Issued by Government 

agenc ies 

Participation certificates 

Debt subject to statutory limitation 

Status and application of statutory limitation 

Treasury holdings of securities issued by Government 
corporations and other agencies 

Description of securities of Government corporations 
and other business-type activities held by the 
Treasury 

Public debt operations : 
Maturity schedule of interest-bearing public marketable 

securities other than regular weekly and 52-week 

Treasury bills outstanding 

Offering of bills 

New money financing through regular weekly Treasury 

bills 

Offerings of public marketable securities other than 

regular weekly Treasury bills 

Unmatured marketable securities Issued at a premium 

or discount other than advance refunding operations... 
Allotments by Investor classes on subscription for 

public marketable securities 

Disposition of public marketable securities other 

than regular weekly Treaexiry bills 

Foreign series securities (nonmarketable) Issued to 

official institutions of foreign countries 

Foreign currency series securities (nonmarketable) 

issued to official institutions of foreign 

countries 



United States saviP FS bonds: 

Sales and redemptions by series, cumulative 

Sales and redemptions by periods, all series 

combined 

Sales and redemptions by periods, Series E through K. 

Redemptions of matured and unmatured saving bonds 

Sales and redemptions by denominations, Series E and 

H combined 

Sales by States, Series E and H combined 



10 

11 



It" 

19 



-.5 



4 3 



62 
65 



10 
11 
12 



17 
IS 
IQ 



Jl 
;l 



24 
25 



41 
^? 
A8 
51 



58 

53 
59 
61 



21 
22 



23 

2A 
25 
2b 

27 



/8 
41 
45 
48 
51 



bO 
62 



I'.i 
11 



lb 
17 
18 



20 
21 



;i 

22 



62 
61 
65 



10 
11 



1< 
14 
15 



17 
18 

18 
la 

20 
21 
22 



26 

27 

30 
34 

37 
41 
44 
47 



55 
56 
58 



21 
22 



24 
25 
26 



41 

44 



51 
54 



11) 
11 
12 



17 
18 

IQ 



21 
21 



22 
23 

24 
25 
26 

27 



38 

.,1 
45 
50 

53 



61 
62 
64 



1 
5 
7 

10 
11 
12 
i I 

15 
17 



20 
21 
22 



24 
25 



27 
28 

29 
30 



;'3 
34 

37 

41 

48 
53 
56 



b5 
66 
68 

bO 
70 



10 
11 
12 



17 
18 
19 



21 
22 

22 
23 

24 
25 
26 

27 



30 

34 
35 

38 

42 

45 

49 

54 

57 

63 

66 



67 
69 



10 
11 



16 
17 
18 



20 
21 

21 
22 

23 
24 
25 
26 



30 
33 
37 
40 
44 
49 
53 



62 
63 

65 



10 
11 



16 

17 
18 



20 
21 

21 
22 

23 
24 
25 
26 



29 
30 

33 

37 

40 

44 

49 

53 



62 
63 
65 



148 



Treasury Bulletin 



.CUMULATIVE TABLE OF CONTENTS. 
July 1976 through June 1977-Continued 



;r.::uet! fii;d tjnt^e nur-bers 



July 



AuC. 



May 



United Stated savinp:" notes : 

Sales and redemptioni; by period^- 



OmershlD of Federal securities: 

Distribution by classes of investors and types of 

Issues 

Estimated ownership by private investors 

Treasury survey of QvnershlL 

Treasury svu-vev - cgrrjiioroial bonV. ovmer.?hip 

Market quotations on Treasury securities : 

End-of-r.onth closing quotations 

Chart - Yields of Treasury securities 

Average viplds of lonp-term bonds: 
Average yields of long-term Treasury, corporate, and 

municipal bonds 

Chart - Average yields of lonc-torm Treasury, 
corporate, and irunicipal bond^: 



Kichanpe Stabilization Fund: 

Balance sheet 

Tncone and expense 



.r.d Expense, and dividends of National 

5sr..-;s Caler.dsr ;ear 1975 

International financial statistics : 

L',S. reserve assets 

U.S. liquid and other liabilities to foreign 

official institutions, and liquid liabilities to all 

other foreigners 

U.S. liquid and other liabilities to official 

institutions of foreign countries by area 

Nonmarketable U.S. Treasury bonds and notes issued 

to official Institutions of foreign countries 

U.S. position in the International Monetary Fund 

Weighted average of exchanges rate changes for the 

dollar 

Capital movements : 

Liabilities to foreigners reported by banlts in the 

United States 

Claims on foreigners reported by banks in the United 

States 

Liabilities to foreigners by nonbanking 

concerns in the United States 

Claijns on foreigners reported by nonbanking concerns 

In the Ignited States 

Transactions in long-terra securities by foreigners 

reported by banks and brokers in the United States 

Foreign ere:' ' balances in brokerage accounts. 
Foreign Cuyre: _: 

Surra ry 

Belgian Franc : :;.;it.i-.-;i: 

Canadian Dollar Positions 

French Franc Positions 

German Vark Positions 

Italian Lira Positions 

Japanese Yen Positions 

Swiss Franc Positions 

Sterling Positions 

United States Dollar 

Positions Abroad 



\es acquired by the 1.5. Governmient 
of dollars : 



67 
68 



81 



85 

86 

87 
88 

89 

92 

100 

int. 

110 

116 
125 



--.--.^.. ^ ., . ency transactions. 
Foreign currency transactions. 



suinmary and country uses. 
U.S. uses and trust fund: 



Financial operation; :___ __ __ 

Government corpor';* ' :■" 

activities: 

Statements of financiu.. .;j;.dili^i 

Statements of Income and retained earnings 

Federal credit programs: 

Direct sales and repurchases of loans 

Direct and guaranteed loans outstanding 

Trust funds: 

Civil Service Retirement and Disability i^und 

Federal old-age and Survivors Insurance Trust Fund . . . . 

Federal Disability Insxirance Trust Fund 

Federal Hospital Insxirance Trust Fund 

Federal Supplementary Medical Insurance Trust Fund.... 

Railroad Retirement Accounts 

Unemployment Trust Fund 

National Service Life Insurance Fund 

Investments of specified trust accounts 



63 
U 

65 

71 



8 J 



S6 
87 



88 
89 



93 
101 

107 

111 

117 
126 



120 

130 
l.-l 
1- - 
13., 
l:'5 
I'b 



u 

65 



7Q 
80 

81 

84 
92 
og 

10: 

10? 

11 



119 

120 



67 
68 



76 
77 



81 

82 

83 
84 

85 

88 
96 



112 

121 



123 



67 



77 
78 



80 
81 

83 
84 



111 

120 



123 

]2i 



125 



12? 
12? 

i".r 
1-1 

l^? 
1" 
1^5 
I' 6 



60 
nl 



66 
68 



69 

70 



74 
75 



79 
87 

97 



114 
115 



67 
68 



73 
75 



76 
77 



78 
70 



81 

82 

83 
84 

85 

88 

06 

102 

106 

112 

121 



123 



66 

67 

68 

72 

76 

78 



90 



104 



114 
123 



72 

73 



78 

8C 



81 
82 



84 
85 



86 
87 



91 



115 
124 

127 
128 
130 
132 
134 
136 
137 
139 
141 



223 



224 
225 
226 
228 
229 
230 
231 
232 
234 



71 
72 



65 
86 



87 
88 



89 



92 



106 



116 

125 

128 
129 
131 
133 
135 
137 
138 
140 
142 



175 
176 



67 
68 



79 
80 



86 

94 
100 
104 

lie 

11° 

122 
123 
125 
127 
129 
131 
132 
134 
136 

138 



144 
146 
147 
148 
149 
151 
152 



73 
75 



76 
77 



79 

SO 

81 
82 

83 

86 
94 

100 

lOi 
110 



120 
121 
123 
125 
127 
129 
130 
132 
134 

136 



139 

140 



DEPARTMENT OF THE TREASURY 

FISCAL SERVICE. BUREAU OF 

GOVERNMENT FINANCIAL OPERATIONS 

OFFICE OF THE COMMISSIONER 
WASHINGTON, D.C. 20226 



POSTAGE AND FEES PAID 

DEPARTMENT OF THE TREASURY 

TREAS - S53 




OFFICIAL BUSINESS 

PENALTY FOR PRIVATE USE. $300 



FIRST CLASS 




. stock . 
in^mcrica. 

Buy U. S. Savings Bonds 






Treas. 

HJ 

10 

.A2 

c.l 



Treas. 

HJ 

10 



c.l 



U.S. Dept. of the 
Treasury. 

Treasury bulletin. 
Jan. -June 1977. 



U.S. Dept. of the 
Treasury. 



Trpflsiiry hnl Ipfin 



Jan. -June 1977. 



DATE 
LOANED 



-4ri«=i^ 



BORROWERS NAME 






PHONE 



C/V-t 



i^Ml